WINNIPEG--Intercontinental Exchange canola futures were slightly lower in the most actively traded contracts Friday, with small gains in the more deferred positions.
Canola began the day with losses, but worked its way upward as Chicago soyoil values also stepped well away from their lows.
European rapeseed was higher in its front months and Malaysian palm oil incurred small declines.
Alberta reported the harvest of its major crops reached 60.5% complete as of Sept. 14 for a gain of 18 points. The province-wide canola harvest came in at 33% finished. Warm temperatures over the weekend will provide the opportunity for good progress in the Prairie harvest.
At six weeks into the 2021/22 marketing year, the Canadian Grain Commission reported that canola exports of 297,000 metric tons have fallen 75% from a year ago.
At mid-afternoon the Canadian dollar was lower, with the loonie at 78.48 U.S. cents, compared with Thursday's close of 78.90.
There were 22,259 contracts traded on Friday, which compares with Thursday, when 22,842 contracts changed hands. Spreading accounted for 18,128 contracts traded.
Settlement prices are in Canadian dollars per metric ton.
Canola Nov 873.30 dn 1.80
Jan 866.30 dn 1.20
Mar 854.10 dn 0.30
May 837.40 up 0.80
Spread trade prices are Canadian dollars and the volume represents the number of spreads:
Months Prices Volume
Nov/Jan 8.00 over to 5.70 over 4,327
Nov/Mar 21.00 over to 18.10 over 157
Nov/May 36.90 over to 36.10 over 18
Nov/Jul 55.00 over 5
Nov/Nov 175.90 over 1
Jan/Mar 13.50 over to 10.80 over 2,664
Jan/May 29.40 over 294
Jan/Jul 50.10 over to 47.00 over 15
Mar/May 17.80 over to 15.10 over 788
Mar/Jul 39.00 over to 36.00 over 35
May/Jul 23.40 over to 19.30 over 748
Jul/Nov 117.00 over to 108.90 over 12
Source: Commodity News Service Canada, email@example.com
(END) Dow Jones Newswires