Canadian canola futures fall

ICE canola futures slipped on Friday for the fourth time in five sessions, pressured by weakening crush margins and lower soya prices. Most-active July canola lost $1.20 to $463.60 per tonne. Overall trading volumes were thin.

May-July canola spread traded 2,839 times. US soyabean futures dipped, following lackluster export sales. Euronext May rapeseed futures and Malaysian July palm oil futures rose. The Canadian dollar pared its weekly loss as plans to gradually reopen economies hit by the coronavirus outbreak bolstered risk appetite.