WINNIPEG--After prices bounced back on Thursday following two weeks of losses, the ICE Futures canola market put in another positive session on Friday. It is the first time since Feb. 22 that canola has advanced in two consecutive days.
Both Chicago soyoil and European rapeseed moved higher, while Malaysian palm oil and crude oil took losses.
At midafternoon, the Canadian dollar was down four-tenths of a U.S. cent compared to Thursday's close.
About 41,203 canola contracts traded on Friday, which compares with Thursday when 38,344 contracts changed hands. Spreading accounted for 27,462 of the contracts traded.
Settlement prices are in Canadian dollars per metric ton.
Canola
Months Price Change
May 743.40 up 8.20 Jul 727.40 up 9.20 Nov 704.10 up 9.10 Jan 707.90 up 9.10
Spread trade prices are in Canadian dollars and the volume represents the number of spreads:
Months Volume
May/Jul 17.50 over to 13.60 over 7,252
May/Nov 43.20 over to 38.50 over 1,581
May/Jan 34.30 over 1
Jul/Nov 26.50 over to 22.50 over 4,264
Jul/Jan 20.10 over to 19.30 over 38 Jul/Mar 17.80 over to 17.70 over 4
Nov/Jan 3.50 under to 4.00 under 477
Nov/Mar 7.00 under to 7.50 under 12 Nov/Jul 1.10 over 3 Jan/Mar 3.50 under to 3.80 under 94 Mar/May 2.90 over 1 May/Jul 5.70 over 1 Jul/Nov 49.00 over 3
Source: MarketsFarm, news@marketsfarm.com
(END) Dow Jones Newswires
03-24-23 1540ET