Glacier FarmMedia – Canola futures on the Intercontinental Exchange continued their downturn on Thursday after Statistics Canada released bearish figures for the oilseed.
StatCan reported 2025-26 canola production at a record 21.80 million tonnes, 1.77 million more than the September estimate and 2.56 million more than last year’s crop.
An analyst said the production estimate was larger than expected and he predicted canola prices will struggle as long as China remains absent from the Canadian export program.
Chicago soyoil, European rapeseed and Malaysian palm oil were lower. Crude oil was up after Ukrainian attacks on Russian oil infrastructure.
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Glacier FarmMedia – Canola futures on the Intercontinental Exchange were lower on Friday as the oilseed is still reeling from…
The Canadian dollar added less than one-tenth of a U.S. cent compared to Wednesday’s close.
About 56,100 canola contracts have traded at 10:15 CST. Prices in Canadian dollars per metric tonne:
Price Change
Jan 623.50 dn 5.70
Mar 637.60 dn 5.10
May 650.10 dn 4.70
Jul 658.00 dn 4.10
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