ICE Canadian canola futures finished mixed on Thursday, as traders adjusted positions ahead of a report on Canadian supplies. Trade expects Statistics Canada to report on Friday the lowest canola stocks, measured as of March 31, 2017, in four years. Saskatchewan estimates that 1 million acres remain unharvested from last year, squeezing short-term supplies Warm, dry weather in the forecast looked favorable for Western Canada planting, pressuring the November contract.

July canola gained 20 cents to $522.80 per tonne. November canola gave up $3.60 to $501.90. July-November canola spread traded 1,609 times. ICE reported no deliveries of the May contract, which expires May 12. Chicago Board of Trade July soybeans unofficially closed unchanged. NYSE MATIF August rapeseed eased and Malaysian July palm oil rose.

Copyright Reuters, 2017