ICE Canadian canola futures closed mixed on Thursday in largely technical trade dominated by spreading as brokers rolled May positions to forward contracts, traders said. May canola settled up $1.50 at $524.90 per tonne. July canola ended unchanged at $528.00 and new-crop November fell 10 cents to $516.00 a tonne.
The May/July spread traded 7,478 times between $2.20 and $4.90, premium July. Allied Chicago Board of Trade soybean futures closed lower, retreating from early strength on profit-taking and technical selling. NYSE MATIF May rapeseed and Malaysian May crude palm oil futures rose. The Canadian dollar edged lower against its US counterpart, retreating from a seven-week high reached the day before, as the greenback broadly climbed and oil prices dipped.