WINNIPEG: ICE Canada canola futures eased on Friday, reflecting weaker soybean prices on improved Argentine soy crop prospects, but finished with a second straight weekly gain.
* Profit-taking ahead of the weekend seen, but exporter and crusher buying noted for May contract.
* Benchmark March contract finished with weekly gain of 0.9 percent.
* March canola lost $2.90 to $524.40 a tonne on volume of 9,613 contracts.
* May gave up $2.40 to $531.30 on volume of 6,952 contracts.
* March-May spread traded 4,886 times, settling at a May premium of $6.90.
* Chicago March soybeans shed 3-3/4 US cents to US$12.19 per bushel. March soyoil lost 0.35 cent to 51.59 US cents per lb.
* MATIF February rapeseed finished unchanged.
* The Canadian dollar was trading at $1.0016 against the US dollar or 99.84 US cents at 1:19 p.m. CST (1919 GMT), little change from Thursday's close at $1.0017, or 99.83 US cents.
* US crude oil futures eased 0.1 percent to US$99.56 per barrel.
* Canada weekly canola crushings rise 4 percent.
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From The Print
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