Winnipeg canola futures fell Thursday in light trade on weaker crude oil and expectations that Chicago soybeans would open lower when U.S. trade resumes Friday.
American markets were closed for Thanksgiving.
The U.S. dollar rose in international trade and crude oil fell two percent and trading around $76.23 US per barrel.
Worries persist that canola trade restrictions with China will hurt overall exports.
The trade picture will also be affected by the result of talks Friday between Canadian National Railway and its engineers, represented by the Teamsters. The dispute in contract negotiations prompted the union Thursday to give 72 hours strike notice.
January canola settled Wednesday at $406.70 per tonne, down $2.90 on a light volume of 4,862 contracts.
March fell $3.20 to close at $413.00 per tonne on a volume of 1,510 contracts.
The Bank of Canada at noon Thursday said the Canadian dollar was worth 94.38 cents US, down from 95.23 cents on Wednesday. The U.S. dollar was worth $1.0595 Cdn.
The Winnipeg January barley contract rose 90 cent to $157.50 per tonne with 25 trades. March rose 90 cents to $159 per tonne with no trades.
