WINNIPEG, Manitoba--Canola futures on the Intercontinental Exchange were lower Friday, following the direction of crude oil.

In an effort to reduce crude oil prices, the U.S. temporarily removed sanctions on Russian oil. Chicago soyoil and European rapeseed were down this morning, while Malaysian palm oil was higher.

The Canadian Grain Commission reported 113,500 tonnes of canola were exported during the week ended March 8, down from 203,000 the previous week. So far this marketing year, 4.587 million tonnes were shipped, compared with 6.324 million one year ago.

The Canadian dollar lost nearly one-half of a U.S. cent compared with Thursday's close.

Nearly 14,900 contracts were traded. Prices in Canadian dollars per metric ton as of 9:48 a.m. ET: 


Canola 
           Price      Change 
May       730.60     dn 3.70 
Jul       740.60     dn 3.40 
Nov       727.30     dn 3.20 
Jan       733.20     dn 3.20

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


(END) Dow Jones Newswires

03-13-26 1018ET