Canadian canola futures drop

22 Feb, 2015

ICE Canadian canola futures dipped on Friday with soybeans, but finished higher for the week. March options expired on Friday. March canola lost $3.40 to $470.10 per tonne and rose 0.6 percent for the week Most-active May canola shed $1.80 to $466.10 per tonne. March-May spread traded 9,860 times and the March premium narrowed with the contract's delivery period approaching early next month. Chicago Board of Trade March soybeans dipped 8 US cents to US $9.99-1/4 per bushel.

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