By Glen Hallick
Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures continued lower on Thursday morning, following the Statistics Canada’s production of principal field crops report.
StatCan boosted its canola production estimate for 2025/26 to a record 21.80 million tonnes, on the high side of pre-report predictions. The previous record was 21.46 million tonnes in 2017. In September, StatCan placed the canola harvest at 20.03 million tonnes and last year’s output was 19.24 million tonnes.
An analyst said the main contention now is finding export sales when China has been absent from the Canadian market.
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Glacier FarmMedia – Canola futures on the Intercontinental Exchange were lower on Friday as the oilseed is still reeling from…
There’s support for canola from increases in Chicago soybeans and soymeal, but soyoil was peeling back. Malaysian palm oil was weaker while MATIF rapeseed was steady to lower. Modest gains in crude oil tried to underpin the vegetable oils.
The January canola contract was now below its moving averages, which added pressure on the oilseed.
There was a dip in the Canadian dollar on Thursday morning, with the loonie at 71.65 U.S. cents, compared to Wednesday’s close of 71.69.
Approximately 30,900 contracts had traded by 8:38 CST and prices in Canadian dollars per metric tonne were:
Price Change
Canola Jan 622.80 dn 7.40
Mar 635.80 dn 7.40
May 647.50 dn 7.30
Jul 654.80 dn 7.30
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