ICE Futures canola contracts were lower at midday Friday, as a selloff in Chicago soyoil and soybeans spilled into the Canadian market.
- The United States Supreme Court ruled 6-3 Friday that President Donald Trump’s broad global tariffs were illegal, sparking sharp losses in soybeans and soyoil amid uncertainty over what the ruling will mean for trade.
- European rapeseed and Malaysian palm oil were also lower.
- Chart-based positioning after canola hit six-month highs earlier in the week contributed to the declines, with the May contract moving below support at C$680 per tonne.
- Canada exported 257,100 tonnes of canola during the week ended Feb. 15, which was up 38 per cent from the previous week, reported the Canadian Grain Commission. Crop-year-to-date canola exports of just over four million tonnes compare with 5.8 million at the same point in 2024/25.
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- An estimated 37,500 canola contracts traded as of 10:27 CST.
Prices in Canadian dollars per metric tonne at 10:27 CST:
Canola Mar 664.30 dn 8.30
May 676.60 dn 8.00
Jul 687.80 dn 7.80
Nov 680.50 dn 8.30
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