WINNIPEG, Manitoba--The ICE Futures canola market was mostly stronger at midday Friday, as the market continued to correct off nearby lows ahead of the long weekend.

The ICE canola market will be closed Monday for Canada Day, while grains and oilseeds in the U.S. will trade their usual hours.

Positioning ahead of updated acreage and stocks data from the U.S. Department of Agriculture, out at 1 p.m. ET, accounted for some of the activity, with any surprises in the reports likely to set the tone for the final hours of trade.

Soybeans and soyoil were higher ahead of the reports, providing spillover support for canola. European rapeseed and Malaysian palm oil futures were also stronger.

An estimated 16,200 canola contracts traded as of 11:37 a.m. ET.

Prices in Canadian dollars per metric tonne at 11:37 a.m. ET: 


Canola 
    Price  Change 
Jul 589.60 dn 1.00 
Nov 627.10 up 6.00 
Jan 634.90 up 6.40 
Mar 642.00 up 6.90

Source: Commodity News Service Canada, news@marketsfarm.com


(END) Dow Jones Newswires

06-28-24 1204ET