Canadian canola futures higher

05 May, 2015

ICE Canadian canola futures edged higher on Friday supported by weakness in the Canadian dollar. Most-active July canola added 70 cents at $447.20 per tonne in thin trading. The contract lost 1 percent for the week. The new-crop November canola rise $1.30 to $439.80 per tonne. ICE Futures Canada reported delivery of 935 May contracts. Expiry for the nearby contract is May 14.
July-November spread traded 886 times. The Chicago Board of Trade July soybeans fell on forecasts for favourable planting weather in the US Midwest. The Canadian dollar was trading at $1.2164, or 82.21 US cents at 1:34 pm CDT (1834 GMT), down from Thursday's close at $1.2064 to the greenback, or 82.89 US cents.

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