WINNIPEG--The ICE Futures canola market was in positive territory in early Friday trading, supported by comparable oils as well as depleted supplies and uncertainty in the upcoming crop.

Chicago soyoil, European rapeseed and Malaysian palm oil were higher, while a resumption of talks between the U.S. and China was a boon to crude oil.

The Canadian dollar was down one quarter of a U.S. cent compared with Thursday's close. Statistics Canada reported Friday that the unemployment rate inched up to 7% in May. In the U.S., unemployment held at 4.2%, the Labor Department said.

Nearly 7,600 contracts were traded.


Prices in Canadian dollars per metric ton as of 8:40 a.m. CDT: 


 
           Price      Change 
Jul       708.10     up 9.20 
Nov       687.80     up 6.60 
Jan       695.40     up 6.80 
Mar       701.70     up 6.60

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


(END) Dow Jones Newswires

06-06-25 1013ET