WINNIPEG, Manitoba--Canola futures on the Intercontinental Exchange were attempting to climb higher on Friday morning, fending off a bout of choppiness.
Support came from gains in Chicago soybeans and soyoil, as well as MATIF rapeseed, while Chicago soymeal was lower. With a holiday in Malaysia, the palm-oil market was closed. Crude oil was virtually unchanged as it moved away from earlier declines.
The May canola contract remained handily above its major moving averages, underpinning the oilseed. Canola crush margins pushed higher, with the May position nearly at C$290 per ton above the averages.
At 292,100 tons, canola exports increased more than 157 per cent during the week ended March 15, the Canadian Grain Commission reported. That brought the cumulative total to 4.88 million tons versus 6.52 million the same time last year.
The Canadian dollar was higher on Friday morning with the loonie at 72.94 U.S. cents compared with Thursday's close of 72.84.
Approximately 12,900 contracts had been traded by 9:40 a.m. EDT and prices in Canadian dollars per metric ton were:
Price Change
May 730.50 up 2.20
Jul 742.90 up 1.80
Nov 734.30 up 0.50
Jan 738.30 up 0.40
Source: Commodity News Service Canada, news@marketsfarm.com
(END) Dow Jones Newswires
03-20-26 1044ET
