WINNIPEG, Manitoba--The ICE Futures canola market resumed its recent rally to go with mixed sentiment in vegetable oils and a weaker Canadian dollar.

Chicago soyoil was higher coming out of Independence Day, while European rapeseed also made gains. Crude oil was lower despite smaller U.S. stockpiles and rising global equity markets. Malaysian palm oil was also lower.

At mid-afternoon, the Canadian dollar was down more than one-tenth of a U.S. cent compared to Thursday's close.

There were 49,219 canola contracts traded on Friday, which compares with Thursday when 29,036 contracts changed hands. Spreading accounted for 22,246 of the contracts traded. 


 
Settlement prices are in Canadian dollars per metric ton. 
 
Canola     Price        Change 
 Nov       658.20       up 8.30 
 Jan       668.50       up 8.50 
 Mar       676.20       up 9.50 
 May       681.60       up 10.60 
 
Spread trade prices are in Canadian dollars and the volume represents the number of spreads: 
 
Nov/Jan        9.60 under to 11.70 under       5,262 
Nov/Mar       16.20 under to 18.60 under       1,203 
Nov/May       21.30 under to 24.30 under          61 
Jan/Mar        6.20 under to 8.00 under        3,187 
Jan/May       12.70 under to 12.80 under          27 
Mar/May        4.00 under to 6.00 under        1,149 
May/Jul        1.00 under to 1.80 under          139 
Jul/Nov       36.80 over to 26.00 over            95

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


(END) Dow Jones Newswires

07-05-24 1538ET