The Public Ledger editor
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ICE coffee futures fell on Friday, as uncertainty over Brazilian crop damage kept trade volatile.
SOYBEAN futures at the Chicago Board of Trade settled sharply lower on Friday, posting losses of six to 28 cents per bushel, as the market ran out of any fresh bullish news and traders took profits to end the week.
ICE Futures Canada canola contracts were down sharply on Friday, amid renewed concerns about logistics problems in Western Canada, analysts said.
Rapeseed crops in the top four EU producers (Germany, France, the UK and Poland) have all come through the winter well and optimism about the 2014 harvest is increasing.
Chinese rapeseed imports over the 2013/14 marketing year ending in May are expected to reach a record 4.3-4.5 million tonnes, up from 3.3 mln tonnes in the previous year due to cheaper overseas prices and an expansion in local crushing capacity, an official think-tank said.
China's soybean imports are expected to reach a record 66-67 million tonnes over the 2013/14 marketing year, up 13% year on year, a senior executive with the country's state-owned grain reserve company said on Friday.