Stronger Chicago corn futures and the stronger U.S. dollar were the main factors in oilseed markets Friday.
Winnipeg canola futures closed a little higher but finished the week little changed from the previous Friday.
Cold weather is hampering canola farm deliveries.
January canola settled Friday at $412.20 per tonne, up $2.10 from Thursday on a volume of 8,974 contracts.
March rose $1.90 to close at $419.20 per tonne on a volume of 10,638 contracts. May rose 2.70 to $425.70 on 744 trades.
The Bank of Canada at noon Friday said the Canadian dollar was worth 94.47 cents US, down from 95.07 cents Thursday. The U.S. dollar was worth $1.0519 Cdn.
The Winnipeg January barley contract was unchanged at $159 per tonne with 25 trades. March fell $1 to $160 per tonne with 22 trades.
Chicago January soybeans rose eight cents to $10.35 US per bushel, supported by stronger corn futures.
Corn futures rose, supported by worries that this week’s snow would delay the harvest of the final 10 percent of the U.S. crop still in the field. However, there were reports Friday that combines were again rolling in some areas.
Also, analysts expect investment funds will start buying corn early in the new year.
The Canadian Oilseeds Processors Association said 78,151 tonnes of canola were crushed in the week ending Dec. 9, down almost seven percent from the week before. Capacity use had crept to more than 80 percent the previous week, but fell to about 75 percent this week.
The U.S. dollar rose on news that U.S. retail spending rose more than expected in November and a measurement of consumer optimism improved.
