WINNIPEG, Manitoba--Canola futures on the Intercontinental Exchange continued to be pulled down by crude oil at midday Friday as negative sentiment permeated the markets.
Despite confusion regarding the status of peace talks to end the war in Iran, crude oil prices were down about US$1 per barrel. Chicago soyoil, European rapeseed and Malaysian palm oil were negative as well.
Most of the Prairies will see rain Friday with some areas seeing thunderstorms. High temperatures this weekend will range from the teens in central Alberta to more than 30 degrees Celsius in Manitoba.
The Canadian Grain Commission reported 252,300 tonnes of canola exports during the week ended May 31, up from 139,200 the previous week. So far this marketing year, 7.384 million tonnes were exported, compared with 8.524 million last year.
The Canadian dollar was down one-tenth of a U.S. cent compared with Thursday's close.
