ICE Close: Mixed Settlement for Canola 

Canola futures ended mixed on Friday, with nearby March a bit higher but other contracts lower. 

There was little to push canola higher today, with the Chicago soy complex lower and crude oil suffering losses as well. However, the Canadian dollar was a bit weaker. 

The domestic crush remains solid, but exports continue to disappoint. The latest Canadian Grain Commission report showed canola exports for the week ended Feb. 1 at 116,000 tonnes, down from nearly 139,000 the previous week. Year-to-date shipments are running one-third behind a year earlier. 

March canola managed a $2 gain to $572.40, May was down $3.10 at $578.20, and November lost $2.50 to $593.60. 

Source: DePutter Publishing Ltd.

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