Glacier FarmMedia – Canola futures on the Intercontinental Exchange returned to negative territory in the middle of Wednesday trading due to lower comparable oils and a stronger Canadian dollar.
An analyst said canola’s declines can be attributed to those of Chicago soyoil, while expecting their respective rallies to run out. European rapeseed and Malaysian palm oil were also lower. Crude oil was down slightly ahead of peace talks between the United States and Iran to be held on Thursday.
Statistics Canada reported the January canola crush at 1.05 million tonnes, compared to 1.01 million last year. Canola deliveries last month totaled 1.93 million tonnes, down 250,000 from January 2025.
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By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange pushed lower on Wednesday morning, following Chicago soyoil,…
The Canadian dollar was up more than one-tenth of a U.S. cent compared to Tuesday’s close.
About 36,300 canola contracts have traded at 10:18 CST. Prices in Canadian dollars per metric tonne:
Price Change
May 685.50 dn 6.10
Jul 696.00 dn 5.80
Nov 690.20 dn 4.90
Jan 697.30 dn 4.90
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