WINNIPEG -- Intercontinental Exchange canola futures were closed Friday to mark Canada's second annual National Day for Truth and Reconciliation. Daytime trading is scheduled to resume Monday.

Temperatures across the Prairies are forecast to remain above normal through the weekend, with little chance of rain.

Saskatchewan reported that its provincewide harvest of all crops was 81% complete. Alberta is scheduled to issue its weekly crop report this afternoon.

In comparable oils, European rapeseed had strong gains while Malaysian palm oil was up modestly. The Chicago soy complex took a hard hit after the U.S. Department of Agriculture released its quarterly stocks report. Small losses in global crude oil prices put some pressure on vegetable oils.

The Canadian dollar was weaker at mid-afternoon. The loonie dropped to 72.40 U.S. cents, compared to Thursday's close of 72.96.


Settlement prices are in Canadian dollars per metric ton.


 
               Price   Change 
Canola   Nov   852.00   0.00 
         Jan   860.20   0.00 
         Mar   867.20   0.00 
         May   869.30   0.00 
 

Source: Commodity News Service Canada, news@marketsfarm.com


(END) Dow Jones Newswires

09-30-22 1527ET