WINNIPEG: ICE Canada canola futures were mixed on Friday, with the old-crop July contract higher due to tight supplies in the country while deferred months fell on expectations of a large crop this fall.
* For the week, the front-month canola contract rose 0.8 percent, its second straight week of gains.
* Volume was light ahead of long weekend. ICE Canada exchange will be closed on Monday for a Canadian holiday.
* July canola rose $1.80 to $613.20 per tonne on volume of 3,188 contracts.
* New-crop November dropped 50 cents to $562.60 per tonne on 3,782 contracts.
* July-November spread widened to a July premium of $50.60, trading 818 times. The November-January spread fell by 50 cents, closing at $3.50 January premium on volume of 747.
* Canadian canola crushings rose 6.1 percent to 124,141 tonnes in the latest week, the Canadian Oilseed Processors Association said on Friday morning. Crush capacity was at 74.7 percent, down from 84.4 percent a year ago.
* Chicago July soybeans fell 33 US cents to US$14.05 per bushel on a round of profit taking and long liquidation. July soyoil dropped 0.40 cent to 50.32 US cents per lb.
* MATIF August rapeseed settled up 0.7 percent, while Malaysian June palm oil dipped 0.2 percent.
* The Canadian dollar fell to a four-month low against the US currency on Friday, its fifth straight day of declines, as investors focused on Europe's debt crisis.
* Canadian dollar was trading at $1.0210 against the US dollar or 97.95 US cents at 1:52 p.m. CDT (1852 GMT), down from Thursday's finish at $1.0191 versus the US dollar, or 98.13 US cents.
* US light crude oil eased 1.2 percent to $91.59 per barrel.
Comments
Comments are closed.