ICE Canadian canola futures ended higher on Friday, supported by crusher buying and gains in crude oil, traders said. January canola went untraded, while March closed up $5.40 at $419 a tonne, with 4,192 contracts traded. Spreading was negligible, with 137 March/May spreads done from $8.10 to $8.50 and 108 March/July from $15.70 to $16.90.
Higher palm oil markets were supportive to canola, while a weak tone to Chicago Board of Trade soybean futures kept a lid on canola gains, traders said. CBOT January soybeans ended down 2-1/4 cents at $9.70. Late on Friday, the Canadian dollar was trading at $1.2151 to the US dollar, or 82.29 US cents, compared with Wednesday's close at $1.2180, or 82.1 US cents.