Canola futures ended weaker on Friday, as traders took profits ahead of the weekend.
Strength in Chicago soybean oil futures, which were modestly higher again today, remained a supportive influence for canola, which was trading near a seven-month peak. European rapeseed and palm oil were also higher today.
Gains in crude oil boosted canola as well, amid rising tensions between the US and Iran as the two countries were unable to hammer out a new nuclear agreement ahead of the weekend.
Advances in the Canadian dollar weighed on canola.
May fell $5.30 to $687.70, and November lost $6 to $691.90.
