CHICAGO, (Reuters) – ICE canola futures settled slightly higher on Friday on bullish chart signals and commercial buying tied to improved crush margins, traders said.
Most-active November canola settled up $1.60 at $450.50 per tonne, closing above chart support at its 20-day moving average for a third straight session.
However, ample inventories of the oilseed and generally benign crop weather in the Canadian Prairies hung over the market, limiting rallies.
The November-January canola spread traded 2,433 times and widened to settle at $7.60, premium January, from $7.30 on Monday.
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Chicago Board of Trade August soybeans edged higher ahead of a meeting next week between negotiators from the United States and top global soy buyer China as the countries seek to end their year-long trade war.
The Canadian dollar was little changed against its U.S. counterpart, recovering from an earlier one-month low which it hit after better-than-expected U.S. data and the ruling out of currency intervention by a top White House adviser.
OUTSIDE MARKETS
Light crude oil nearby futures in New York was up 27 cents at US$ 56.16 per barrel.
In the afternoon, the Canadian dollar was trading down .26 cents at around US75.86 cents. The U.S. dollar was C$1.3182.
Winnipeg ICE Futures Canada dollars per tonne
Name / Contract Last Change % Change
Canola Nov 19 450.50s +1.60 +0.36%
Canola Jan 20 458.10s +1.90 +0.42%
Canola Mar 20 465.30s +1.90 +0.41%
Canola May 20 470.60s +1.70 +0.36%
Canola Jul 20 475.20s +1.50 +0.32%
Soybean Aug 19 883-2s +0-6 +0.08%
Soybean Sep 19 888-6s +1-0 +0.11%
Soybean Nov 19 901-0s +1-2 +0.14%
Soybean Jan 20 914-2s +1-0 +0.11%
Soybean Mar 20 925-6s +1-2 +0.14%
Soybean Meal Aug 19 303.1s -0.8 -0.26%
Soybean Meal Sep 19 304.9s -0.6 -0.20%
Soybean Meal Oct 19 306.5s -0.5 -0.16%
Soybean Oil Aug 19 28.47s +0.20 +0.71%
Soybean Oil Sep 19 28.63s +0.22 +0.77%
Soybean Oil Oct 19 28.75s +0.21 +0.74%
Corn Sep 19 414-4s -4-0 -0.96%
Corn Dec 19 424-4s -3-0 -0.70%
Corn Mar 20 434-4s -2-6 -0.63%
Corn May 20 438-6s -2-6 -0.62%
Corn Jul 20 442-2s -2-4 -0.56%
Oats Sep 19 257-4s -6-0 -2.28%
Oats Dec 19 263-0s -4-4 -1.68%
Oats Mar 20 267-6s -4-2 -1.56%
Oats May 20 267-0s -4-0 -1.48%
Oats Jul 20 266-6s -3-4 -1.30%
Wheat Sep 19 496-0s -3-4 -0.70%
Wheat Dec 19 504-2s -3-0 -0.59%
Wheat Mar 20 515-2s -3-0 -0.58%
Wheat May 20 520-4s -3-2 -0.62%
Wheat Jul 20 521-2s -3-6 -0.71%
Minneapolis
Spring Wheat Sep 19 524-4s +1-4 +0.29%
Spring Wheat Dec 19 536-6s +0-2 +0.05%
Spring Wheat Mar 20 550-6s +0-2 +0.05%
Spring Wheat May 20 559-4s unch unch
Spring Wheat Jul 20 567-4s -0-4 -0.09%
Kansas City
Hard Red Wheat Sep 19 432-0s -5-4 -1.26%
Hard Red Wheat Dec 19 450-2s -4-6 -1.04%
Hard Red Wheat Mar 20 467-2s -4-6 -1.01%
Hard Red Wheat May 20 478-4s -4-6 -0.98%
Hard Red Wheat Jul 20 484-0s -4-6 -0.97%
Live Cattle Aug 19 108.650s unch unch
Live Cattle Oct 19 109.900s unch unch
Live Cattle Dec 19 114.300s -0.050 -0.04%
Feeder Cattle Aug 19 143.725s +0.925 +0.65%
Feeder Cattle Sep 19 144.100s +0.875 +0.61%
Feeder Cattle Oct 19 143.575s +0.300 +0.21%
Lean Hogs Aug 19 86.425s +0.475 +0.55%
Lean Hogs Oct 19 79.450s +0.800 +1.02%
Lean Hogs Dec 19 78.100s +0.750 +0.97%
