WINNIPEG, Manitoba--The ICE Futures canola market regained its strength on Friday amidst mostly positive sentiment from comparable oils and a weaker Canadian dollar.

Chicago soyoil and European rapeseed were higher, while Malaysian palm oil was lower. Crude oil prices also extended their rallies.

At mid-afternoon, the loonie was down more than four-tenths of a U.S. cent compared to Thursday's close.

Precipitation was expected for central parts of Alberta and Saskatchewan today, with high temperatures only up to five degrees Celsius. The eastern Prairies were expected to be dry with temperatures up to 15 degrees.

There were 40,781 canola contracts traded on Friday, which compares with Thursday when 45,696 contracts changed hands. Spreading accounted for 26,682 of the contracts traded. 


 
Settlement prices are in Canadian dollars per metric ton. 
 
Canola      Price         Change 
 May        643.10        up 9.50 
 Jul        651.50        up 9.10 
 Nov        659.70        up 9.40 
 Jan        667.00        up 9.80 
 
Spread trade prices are in Canadian dollars and the volume represents the number of spreads: 
 
May/Jul         8.30 under to 9.00 under        8,657 
May/Nov        15.90 under to 16.80 under       1,233 
Jul/Nov         7.30 under to 8.30 under        2,768 
Nov/Jan         6.60 under to 7.50 under          648 
Jan/Mar         2.00 under to 2.20 under           20 
Mar/May         3.00 over to 2.30 over             15

Source: Commodity News Service Canada, news@marketsfarm.com


(END) Dow Jones Newswires

04-05-24 1535ET