WINNIPEG, Manitoba--Canola futures on the Intercontinental Exchange were in positive territory on Friday despite upcoming peace talks between the United States and Iran.
Both countries confirmed today their delegations will meet in Pakistan on Saturday for another round of talks. U.S. President Donald Trump announced a three-week extension to the ceasefire between Israel and Lebanon on Thursday and extended the Jones Act waiver by 90 days on Friday, allowing non-U.S. oil tankers to travel between U.S. ports.
Crude oil saw modest losses due to today's news. Chicago soyoil and Malaysian palm oil were higher while European rapeseed was lower.
The Canadian Grain Commission reported 138,200 tonnes of canola were exported during the week ended April 19, down from 284,100 the previous week. So far this marketing year, 6.012 million tonnes were shipped, compared to 7.522 million last year.
At mid-afternoon, the Canadian dollar gained one-tenth of a U.S. cent compared to Thursday's close.
There were 47,242 canola contracts traded on Friday, compared to Thursday when 59,897 contracts changed hands. Spreads accounted for 30,022 contracts in today's trade.
Settlement prices are in Canadian dollars per metric tonne.
Price Change
May 728.70 up 3.30
Jul 742.20 up 3.00
Nov 737.80 up 1.80
Jan 744.00 up 1.60 Spread trade prices are in Canadian dollars:
Months Prices Volume May/Jul 13.30 under to 13.80 under 4,628 May/Nov 8.80 under to 11.20 under 886 May/Jan 15.30 under to 17.70 under 55 Jul/Nov 4.90 over to 2.40 over 6,915 Jul/Jan 1.40 under to 3.80 under 697 Jul/Mar 6.40 under to 8.30 under 8 Nov/Jan 6.00 under to 6.60 under 1,544 Nov/Mar 10.80 under 2 Jan/Mar 4.50 under to 4.90 under 163 Jan/Jul 6.10 under to 7.00 under 10 Mar/May 0.70 under to 1.60 under 75 May/Jul 0.10 under to 0.60 under 28
Source: Commodity News Service Canada, news@marketsfarm.com
(END) Dow Jones Newswires
04-24-26 1511ET
