WINNIPEG--The ICE Futures canola market was stronger Friday morning, as it continued to take back the losses posted earlier in the week.

Chicago Board of Trade soyoil, Malaysian palm oil and European rapeseed futures were all higher as well, providing some spillover support for the Canadian oilseed.

Ongoing concerns over tight Canadian canola supplies remained another supportive influence.

However, canola is looking expensive at current price levels, which tempered the upside to some extent. Recent strength in the Canadian dollar also weighed on values.

About 7,200 canola contracts had traded as of 9:51 ET. 


 
 
     Prices in Canadian dollars per metric ton at 9:51 ET: 
 
 
 
                          Price      Change 
 
Canola            Nov     913.00     up  2.80 
 
                  Jan     906.90     up  3.80 
 
                  Mar     893.40     up  3.90 
 
                  May     869.30     up  3.10

(END) Dow Jones Newswires

10-15-21 1016ET