WINNIPEG, Manitoba--The ICE Futures canola market was narrowly mixed at midday on Friday in choppy activity, as the market continued to stabilize after falling sharply lower earlier in the week.

In addition to the speculative positioning, gains in Chicago soybeans also provided some spillover support. However, soyoil was softer, with European rapeseed and Malaysian palm oil also weaker on the day.

Canadian canola exports continue to run well behind the year ago pace. Canola exports during the past week of 128,300 tons were down from 162,800 tons the previous week, according to Canadian Grain Commission data. Year-to-date exports of 4.37 million tons compare with 6.42 million tons at the same point the previous crop year.

An estimated 30,200 canola contracts traded as of 12:15 EDT. Prices in Canadian dollars per metric ton at 12:15 EDT: Canola May 609.20 up 0.50.

CanolaPrice Change

Jul 622.00 dn 0.30

Nov 637.80 up 1.20

Jan 646.90 up 1.70

Source: Commodity News Service Canada,

(END) Dow Jones Newswires

04-19-24 1250ET