By Glen Hallick
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were mostly higher on Thursday morning, underpinned by gains in the Chicago soy complex and MATIF rapeseed.
Declines in Malaysian palm oil tempered the upswing in canola, while lower crude oil weighed on the vegetable oils.
The May canola contract remained well above its major moving averages. Canola crush margins continued higher, with the May position adding about C$5.70 at more than C$259 per tonne above the futures.
A week today Statistics Canada will release its planted acre projections for 2026/27. However, the farmer surveys for the report were completed well before Canada and China reached their tariff agreement. Canola acres may prove to be larger than anticipated.
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Glacier FarmMedia – Canola futures on the Intercontinental Exchange were showing small gains in the middle of Thursday trading, receiving…
The Canadian dollar was firm Thursday morning, with the loonie at 73.04 U.S. cents compared to Wednesday’s close of 73.07.
Approximately 19,750 contracts had been traded by 8:35 CST and prices in Canadian dollars per metric tonne were:
Price Change
Canola Mar 679.40 dn 0.30
May 692.90 up 1.50
Jul 703.70 up 1.90
Nov 698.10 up 2.00
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