According to the January 7 news from Winnipeg Lake, ICE Canada's rapeseed futures fell on Friday and this week saw its first decline in three weeks.
The rapeseed contract in recent months slipped 0.4% this week.
CBOT soybeans (4450,-12.00,-0.27%) were weaker and the Canadian dollar strengthened, suppressing rapeseed futures.
Mild commercial hedging increases stress.
The most active March rapeseed contract closed down 0.50 Canadian dollars, to close at 586.61 Canadian dollars per ton, volume was light, at 7,128 hands.
The May rapeseed futures contract settled down 0.60 Canadian dollars, to 592.50 Canadian dollars per ton, with a volume of 1,778 contracts.
January rapeseed futures contract was not delivered on January.
The March/May rape spread traded 1,210 lots to close at 6.40 Canadian dollars, and the March contract gained premium.
The CBOT March soybean futures contract fell 13 cents to $13.65 per bushel on Friday.
March soyoil (10578, -76.00, -0.71%) futures contract fell 0.59 cents to 56.82 cents per pound.
At 1918 GMT, the Canadian dollar was quoted at 0.9947 Canadian dollars, or $1.0053, higher than the 0.9999 Canadian dollar that closed on Thursday, or $1.0031.
NYMEX crude oil futures slipped 61 cents to $87.77 a barrel.
Canadian weekly rapeseed crush decreased by 1.7%.
The United States Department of Agriculture (USDA) announced on Friday that private exporters reported exporting 180,000 tons of optional soybeans to China for delivery in the 2010/11 marketing year.
The rapeseed contract in recent months slipped 0.4% this week.
CBOT soybeans (4450,-12.00,-0.27%) were weaker and the Canadian dollar strengthened, suppressing rapeseed futures.
Mild commercial hedging increases stress.
The most active March rapeseed contract closed down 0.50 Canadian dollars, to close at 586.61 Canadian dollars per ton, volume was light, at 7,128 hands.
The May rapeseed futures contract settled down 0.60 Canadian dollars, to 592.50 Canadian dollars per ton, with a volume of 1,778 contracts.
January rapeseed futures contract was not delivered on January.
The March/May rape spread traded 1,210 lots to close at 6.40 Canadian dollars, and the March contract gained premium.
The CBOT March soybean futures contract fell 13 cents to $13.65 per bushel on Friday.
March soyoil (10578, -76.00, -0.71%) futures contract fell 0.59 cents to 56.82 cents per pound.
At 1918 GMT, the Canadian dollar was quoted at 0.9947 Canadian dollars, or $1.0053, higher than the 0.9999 Canadian dollar that closed on Thursday, or $1.0031.
NYMEX crude oil futures slipped 61 cents to $87.77 a barrel.
Canadian weekly rapeseed crush decreased by 1.7%.
The United States Department of Agriculture (USDA) announced on Friday that private exporters reported exporting 180,000 tons of optional soybeans to China for delivery in the 2010/11 marketing year.
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