Canola finished the week with another up day, closing at $462.50 per tonne or $10.49 per bushel for the November Winnipeg futures contract.That was a rise of $5.90 per tonne.Traders attributed the strength in canola in the latter half of the week to weather concerns, a stronger tone in Chicago soybeans and soybean oil, and the fact that canola was weak compared to the rest of the vegoil complex earlier this summer and has been able to hold up better than higher-valued crops.Both Chicago corn and soybeans closed the week at one-week highs. December corn was $4.36 and November soybeans were $10.26.Rumours of new canola sales to China helped keep prices firm, and steady buying by crushers helped too. The rising Canadian dollar, which reached 94.96 cents value versus the U.S. dollar, minimized the appearance of gains in Canadian dollar terms.Stock markets, which had seen serious declines in recent days as deflation fears grew, experienced a happy bounce Friday, with the Dow Jones Industrial Average rising 1.65 percent to 10,150 after falling beneath the psychologically important 10,000 level Thursday. The TSX rose almost two percent to 11,879.Crude oil rose $2.16 per barrel to $75.52 and gold crawled up 60 cents to 1,236 per ounce.
Canola up, again, to finish the week
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