WINNIPEG, Manitoba--The ICE Futures canola market settled with small losses, as spillover from declines in the Chicago soy complex countered the supportive influence of a weaker Canadian dollar.
* The March contract traded above C$650 per tonne for the sixth-straight session on Friday, but once again ran into resistance at that chart point to settle slightly lower.
* Losses in the Chicago soy complex accounted for much of the spillover selling pressure in canola. European rapeseed and Malaysian palm oil futures were also weaker.
* The Canadian dollar backed away from the 16-month highs relative to its United States counterpart hit yesterday, losing roughly half a cent. The softer currency underpinned crush margins and made exports more attractive to international buyers.
* Canada exported 241,100 tonnes of canola during the week ended Jan. 19, which was down by 15 per cent from the previous week, reported the Canadian Grain Commission. Crop year-to-date exports of 3.45 million tonnes were 35 per cent behind the year-ago pace.
* There were 53,441 contracts traded on Friday, which compares with Thursday when 30,446 contracts changed hands.
Spreading was a feature, accounting for 39,432 of the contracts traded.
Settlement prices in Canadian dollars per metric tonne.
Price Change
Mar 648.00 dn 0.70
May 659.20 dn 0.40
Jul 666.60 dn 0.50
Nov 657.30 dn 0.20 Spread trade prices are in Canadian dollars and the volume represents the number of spreads:
Months Prices Volume Mar/May 10.40 under to 11.20 under 12,644 Mar/Jul 18.00 under to 18.60 under 538 Mar/Nov 8.70 under to 10.10 under 224 May/Jul 7.10 under to 7.80 under 3,647 May/Nov 2.30 over to 0.70 over 34 Jul/Nov 9.70 over to 7.90 over 2,239 Jul/Jan 1.50 over 100 Nov/Jan 7.30 under to 8.00 under 259 Jan/Mar 5.20 under to 5.90 under 31
Source: Commodity News Service Canada, news@marketsfarm.com
(END) Dow Jones Newswires
01-30-26 1541ET
