Glacier FarmMedia — Canola futures on the Intercontinental Exchange were in the red on Friday morning as a lack of weather concerns pressured the oilseed.
Most of Saskatchewan and Alberta will see rain showers either this weekend or at the start of next week. Most of southern Manitoba is expected to be warm and dry throughout.
Chicago soyoil and Malaysian palm oil were lower while European rapeseed was higher. Crude oil was lower due to OPEC+’s planned supply hike starting this month.
The Canadian dollar was up four-tenths of a United States cent compared to Thursday’s close as the U.S. dollar weakened due to President Donald Trump imposing tariffs on numerous countries.
Nearly 15,300 contracts were traded. Prices in Canadian dollars per metric ton as of 8:46 CDT:
Nov 690.30 dn 5.10
Jan 701.40 dn 4.50
Mar 709.00 dn 3.80
May 715.40 dn 2.90
To access the latest futures prices, go to https://www.producer.com/markets-futures-prices/
