WINNIPEG--The ICE Futures canola market was mixed at Friday's close, with gains in the most-active nearby contracts and losses in the more deferred months.
Tightening supply projections and the need to ration demand remained supportive. Crop prospects continue to deteriorate across the Prairies, with hot temperatures and little moisture in the forecasts over the next week.
Gains in Chicago Board of Trade soyoil and a softer tone in the Canadian dollar also underpinned canola, although soybeans were weaker on the day.
About 14,528 canola contracts traded on Friday, which compares with Thursday when 19,921 contracts changed hands. Spreading accounted for 5,466 of the contracts traded.
Settlement prices are in Canadian dollars per metric ton.
Canola Nov 883.40 up 2.10
Jan 867.40 up 0.70
Mar 850.10 dn 0.30
May 830.80 dn 0.90
Spread trade prices are in Canadian dollars and the volume represents the number of spreads:
Months Prices Volume
Nov/Jan 17.60 over to 13.90 over 671
Nov/Mar 35.50 over to 32.90 over 10
Nov/May 52.20 over to 49.00 over 14
Nov/Jul 79.70 over 1
Nov/Nov 214.00 over to 212.00 over 2
Jan/Mar 18.20 over to 16.10 over 1,187
Jan/May 37.80 over to 35.50 over 153
Mar/May 19.70 over to 17.60 over 299
Mar/Jul 44.30 over to 43.80 over 6
May/Jul 25.60 over to 19.70 over 358
May/Nov 161.30 over to 157.60 over 21
Jul/Nov 137.70 over to 131.70 over 11
(END) Dow Jones Newswires