WINNIPEG, Manitoba--The ICE Futures canola market was stronger Friday, recovering some of Thursday's losses as gains in the Chicago soy complex provided spillover support.

Weakness in the Canadian dollar and gains in European rapeseed were also supportive.

Canola remains attractively priced compared to most other oilseed markets.

Canada exported 203,000 metric tons of canola during the week ended Jan. 12, with crop year-to-date exports of 4.9 million tons running 85% ahead of the year-ago pace, according to Canadian Grain Commission data.

However, the fact canola wasn't included in interim rules on biofuel feedstock guidelines from the U.S. Agriculture Department announced earlier in the week remained a bearish factor overhanging the market.

Lingering uncertainty over possible U.S. tariffs on canola oil imports when Donald Trump takes office on Monday was another bearish influence.

An estimated 55,903 contracts traded on Friday, which compares with Thursday when 85,621 contracts traded.

Spreading accounted for 34,598 of the contracts traded.


Settlement prices are in Canadian dollars per metric ton.


Contracts Prices Change


   Mar       616.00 up 9.20 
   May       625.50 up 9.10 
   Jul       633.80 up 9.00 
   Nov       625.60 up 8.80 
 

Spread trade prices are in Canadian dollars and the volume represents the number of spreads:


 
   Contracts  Prices                     Volume 
   Mar/May     8.20 under to 10.00 under 9,484 
   Mar/Jul    15.30 under to 18.40 under   820 
   Mar/Nov     5.90 under to 11.20 under   381 
   May/Jul     6.60 under to 8.50 under  4,320 
   May/Nov     5.60 over to 1.80 under     145 
   May/Jan     3.40 under                    1 
   Jul/Nov    13.20 over to 6.00 over    2,124 
   Nov/Jan     5.20 under to 5.40 under     22 
   Nov/Mar     6.00 under                    1 
   Jan/Mar     0.60 under                    1 
 

Source: MarketsFarm, news@marketsfarm.com


(END) Dow Jones Newswires

01-17-25 1548ET