Glacier FarmMedia – Canola futures on the Intercontinental Exchange were lower in the middle of Monday trading, with the January contract trading below its 20-day average, amidst mixed sentiment in comparable oils.
Chicago soyoil was slightly higher, while European rapeseed and Malaysian palm oil were down. Crude oil gained US$1 per barrel due to tensions between the United States and Venezuela and the decision by OPEC+ to maintain its output cuts for the first quarter of 2026.
An analyst said he “doesn’t see anything moving markets” for canola unless there is news regarding canola or soybeans.
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ICE Midday: Canola holds steady
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were virtually unchanged in the middle of Tuesday trading as trading…
Statistics Canada will release its principal field crop estimates on Dec. 4 and expectations point to a canola harvest more than the 20.03 million tonnes estimated in September.
About 28,700 canola contracts have traded at 10:10 CST. Prices in Canadian dollars per metric tonne:
Price Change
Jan 645.30 dn 5.40
Mar 659.10 dn 4.90
May 670.00 dn 4.40
Jul 675.90 dn 3.60
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