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Canola ends flat, posts weekly gain

WINNIPEG, Manitoba - ICE Canada nearby canola futures ended flat on Friday, held in check by technical and speculator selling, but notched a slight weekly gain.

2373465+FCC canola.jpg
Canola. Forum News Service file photo.

WINNIPEG, Manitoba - ICE Canada nearby canola futures ended flat on Friday, held in check by technical and speculator selling, but notched a slight weekly gain.

* Uncertainty about Chinese demand weighs on the market, but a slow pace of farmer selling to cash buyers underpins it, a trader said.

* Most-active May canola ended unchanged at $452.30 per tonne. Deferred contracts rose in thin volume.

* The May contract gained 0.2 percent for the week.

* ICE reported no deliveries of March contracts, with expiry on March 14.

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* May-July canola spread traded 3,044 times.

* Chicago May soybeans climbed on short-covering.

* Malaysian May palm oil and NYSE Liffe Paris May rapeseed rose.

* The Canadian dollar was trading at $1.3326 to the greenback, or 75.04 U.S. cents at 1:17 p.m. CST (1917 GMT), higher than Thursday's close of $1.3396, or 74.65 U.S. cents.

* Canada weekly canola crushings fall 13.1 percent.

Related Topics: CROPS
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