ICE Futures Canada canola contracts ended lower on Friday, pressured by losses in the Canadian dollar.
The loonie had advanced close to a full cent against its US counterpart by close, which pressured canola by making the commodity less appealing to international buyers.
Profit-taking ahead of the weekend was also a feature.
Chicago Board of Trade soybeans closed mixed, which added some pressure to canola contracts.
Traders showed reluctance to fully follow volatility in US markets.
About 34,796 canola contracts traded on Friday, which compares with Thursday when 33,512 contracts changed hands. Spreading accounted for about 10,924 of the contracts traded.
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Durum and barley futures were untraded and unchanged, while milling wheat was revised higher after the close.
Settlement prices are in Canadian dollars per metric tonne.
SOYBEAN futures finished mostly lower to end the week, falling 8 to 12 cents per bushel in the front months, as traders took profits at the highs.
Values were due for a correction after surging more than 30% since March, a report said.
Weather reports for the US Midwest are somewhat favourable which was bearish.
Soyoil hung steady to end the week.
SOYMEAL futures dropped slightly following soybeans.
Corn futures posted gains of 3 to 4 cents per bushel due to currency issues along with some speculative buying.
US ethanol production increased by 14,000 barrels last week to 940,000 barrels a day, according to a report.
The CBOT September contract tested resistance.
Wheat futures on the Chicago Board of Trade finished 9 to 11 cents per bushel higher, taking strength from a softer US dollar which encouraged more exports out of the country.
Heavy rains in France have drastically cut into wheat production prospects for the country.
However, reports indicate the Australian crop, particularly on the east coast, has benefited from rain and could produce higher yields than initially projected, which undermined values.
– Heavy rains have left wheat in Arkansas too wet to harvest, according to a report.
– Asian feed mills are snapping up wheat shipments as fast as they can, due to drought problems in Brazil have cut into corn exports.
