ICE Canadian canola futures rose due to planting concerns on Friday to top up a 4 percent weekly gain, the biggest in five months for the nearby contract. Turn to wetter weather on eastern Canadian Prairies added to planting concerns. Options trading busy as traders guard against uncertain weather. In July, 500 $590 calls and 872 $620 calls traded. In November, 505 $550 puts and 300 $590 calls traded. Trade was choppy with ICE Canada closed on Monday for Canadian holiday.
July rose $2.60 to $577.10 on volume of 9,332 contracts. Fifth straight gain, longest streak for nearby contract in two months. New-crop November up $2.90 at $583.30 on volume of 4,932. July-November spread traded 3,294 times, settling at $6.20 carrying charge.
Chicago July soyabeans ended up 3/4 US cent at US $13.80-1/4 per bushel. July soyaoil unchanged at 57.46 US cents per lb. The Canadian dollar was trading at $0.9710 to the US dollar or US $1.0299 as of 1:12 pm CDT (1812 GMT), down from Thursday's close at $0.9682 to the US dollar, or US $1.0328.