WINNIPEG, Manitoba--Canola futures erased earlier gains to end Friday in the red after declines in United States grains and oilseeds carried over into canola.
An analyst said that if January canola stayed above C$650 per tonne for the entire session, it would build up a "base of resistance". However, he also warned the contract was slightly overbought.
The Canadian Grain Commission reported canola exports for the week ended Nov. 9 were 121,200 tonnes, down from the previous week's 188,400. The year-to-date total reached 1.54 million tonnes, compared to 3.36 million the same time last year.
Chicago soyoil and European rapeseed were down and Malaysian palm oil was mixed. Crude oil gained more than US$1 per barrel after Ukrainian drones attacked a major Russian oil depot last night.
At mid-afternoon, the Canadian dollar was up less than one-tenth of a U.S. cent compared to Thursday's close.
There were 43,882 canola contracts traded on Friday, compared to Thursday when 57,401 contracts changed hands. Spreading accounted for 22,480 of the contracts traded.
Settlement prices are in Canadian dollars per metric tonne.
Price Change
Jan 647.50 dn 3.40
Mar 658.60 dn 3.00
May 667.20 dn 3.10
Jul 672.00 dn 3.30 Spread trade prices are in Canadian dollars and the volume represents the number of spreads:
Months Prices Volume Jan/Mar 10.60 under to 11.20 under 6,071 Jan/May 18.80 under to 20.10 under 525 Jan/Nov 16.90 under to 17.70 under 5 Mar/May 8.10 under to 9.00 under 2,719 Mar/Jul 12.40 under to 13.80 under 50 Mar/Nov 3.80 under to 6.60 under 4 Mar/Jan 10.20 under to 12.60 under 1 May/Jul 4.10 under to 5.40 under 1,506 May/Nov 2.80 over to 2.60 over 1 Jul/Nov 11.10 over to 7.10 over 357 Nov/Jan 6.80 under to 7.40 under 1
Source: Commodity News Service Canada, news@marketsfarm.com
(END) Dow Jones Newswires
11-14-25 1525ET
