Winnipeg, Manitoba, Dec. 12, 2014

The ICE Futures Canada canola market was stronger on choppy trading Friday - ultimately following US soybeans and soyoil higher to end the week.

"Interesting, choppy action to say the least," remarked a trader, adding the Friday session saw two-sided commercial activity.

"Each day this thing creeps a little higher," he noted.

The Canadian dollar was weaker against its US counterpart, which was supportive for values, as it made canola more attractive on the international market.

Strength in US corn also contributed to spillover support for canola, said the trader.

However, improved prospects for development of the soybean crop in South America were bearish.

Malaysian palm oil was weaker which limited the gains.

Around 30,912 canola contracts were traded on Friday, which compares with Thursday when around 37,412 contracts changed hands. Spreading accounted for 23,626 of the contracts traded.

Milling wheat, durum, and barley were all untraded.

Settlement prices are in Canadian dollars per metric ton.

                          Price      Change
Canola            Jan     439.80    up 4.80
                  Mar     436.20    up 5.80
                  May     435.80    up 5.10
Milling Wheat     Mar     232.00    unch
                  May     235.00    unch
Durum             Mar     357.50    unch
                  May     357.50    unch
Barley            Mar     177.00    unch
                  May     179.00    unch
     Spread trade prices are in Canadian dollars and the volume
represents the number of spreads:
Months        Prices                      Volume
Canola
Jan/Mar       2.60 over  to 5.40 over       6704
Jan/May       3.30 over  to 5.60 over        815
Jan/Jul       4.10 over  to 4.50 over         11
Mar/May       0.40 under to 1.00 over       2787
Mar/Jul       0.40 under to 0.20 over         14
Mar/Nov       2.50 over  to 4.00 over         10
May/Jul       1.20 under to 0.20 under       835
Jul/Nov       2.60 over  to 3.50 over        637

Commodity News Service Canada