WINNIPEG, Manitoba--Intercontinental Exchange canola futures were mostly lower on Friday, with the only increase in the March contract.

Trading in March grain options ended today.

Pressure on canola came from declines in the Chicago soy complex and European rapeseed, while Malaysian palm oil edged higher.

Significant losses in global crude oil prices weighed on oilseed values. Canola crush margins were lower as the old crop positions slipped to C$172 to C$180 per ton above the futures.

The Canadian Grain Commission reported year-to-date producer deliveries of canola were 9.31 million tons as of Feb. 15. Those were down 1.81 million tons from this time last year.

Canola exports continued to lag well behind at 3.29 million tons versus 4.89 million a year ago. Domestic usage remained ahead of last year's pace at 6.05 million tons compared to 5.70 million.

The Canadian dollar was relatively steady at mid-afternoon Friday with the loonie at 74.07 U.S. cents compared to Thursday's close of 74.11.

There were 38,858 contracts traded on Friday, compared to Thursday when 48,782 contracts changed hands. Spreading accounted for 22,816 contracts traded.

Prices are in Canadian dollars per metric ton: 
Canola      Price       Change 
 Mar        570.40      dn 3.60 
 May        581.30      dn 2.80 
 Jul        589.60      dn 3.80 
 Nov        596.10      dn 4.00 
Spread trade prices are Canadian dollars and the volume represents the number of spreads: 
Months                Prices               Volume 
Mar/May      5.00 under to 11.00 under      4,423 
Mar/Jul     17.20 under to 19.20 under        236 
Mar/Nov     24.10 under                        25 
May/Jul      7.90 under to 8.80 under       4,547 
May/Nov     14.90 under to 15.30 under         49 
Jul/Nov      6.10 under to 7.00 under       2,103 
Nov/Jan      4.80 under to 5.30 under          23 
Jan/Mar      2.00 under                         2 

Source: Commodity News Service Canada,

(END) Dow Jones Newswires

02-23-24 1546ET