Howard Leaman May 24/19
Canola traded on both sides of unchanged again on Friday, ending
higher. The market was supported by spillover buying from soy and to a
lesser extent European rapeseed, combined with concerns about dry
conditions in western Canada.
The buying in canola was curbed by strength in the Canadian dollar and
a reluctancy to chase prices higher ahead of the long weekend in the U.S.
The U.S. markets will be closed on Monday for the Memorial Day holiday and,
though the canola market will have regular trading hours, traders are
usually reluctant to trade too aggressively with soy closed. The Canadian
dollar gained about a quarter of a cent against the U.S. dollar on Friday.
Jly Canola 451.80 440.40
Nov Canola 464.40 452.80
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