ICE canola closes stronger after early weakness
All figures in Canadian dollars unless noted
Sept 27 (Reuters) -ICE canola futures settled higher on Friday on positioning ahead of a three-day weekend in Canada and in a rebound from earlier declines, traders said.
Follow-through weakness from Thursday and farmer selling initially weighed on futures before the market recovered, traders said.
November canola futures RSX4 rose $2.90 to finish $603.80 per metric ton after dropping earlier to $587.70.
January canola RSF5 ended up $2.60 at $616.30 per ton. The contract bounced after falling to $601.30.
ICE canola will be closed on Monday for a Canadian holiday.
On the Chicago Board of Trade, soybean futures Sv1 hit their highest in two months. But CBOT December soyoil BOZ24 ended down 0.54 U.S. cent at 42.36 U.S. cents per pound. SOY/C
The U.S. Department of Agriculture reported exporters sold 20,000 metric tons of U.S. soyoil to South Korea.
Malaysian palm oil FCPOc3 was down 2.4% after hitting an April high. Euronext November rapeseed futures COMX4 sagged about 1.2% after reaching the highest level since late July on Thursday.
Reporting by Tom Polansek, Editing by Nick Zieminski
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