WINNIPEG, Manitoba--The ICE Futures canola market slid further back on Friday while comparable oils provided little direction.

European rapeseed and Malaysian palm oil were higher. However, Chicago soyoil was lower and crude oil was down slightly due to demand concerns.

The Canadian dollar was down less than one-tenth of a U.S. cent compared to Thursday's close.

One analyst noticed fund selling across multiple grains and oilseeds. The analyst also warned that if November canola dropped below the support level of C$630 a ton, it may start testing a low of C$600.

About 26,400 contracts have traded at 10:20 CDT.


 
Prices in Canadian dollars per metric ton: 
 
           Price        Change 
 Jul       622.60       dn 4.00 
 Nov       637.20       dn 2.70 
 Jan       643.80       dn 2.40 
 Mar       647.40       dn 2.80 
 

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


(END) Dow Jones Newswires

06-14-24 1155ET