By Glen Hallick, MarketsFarm
Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures closed lower on Wednesday, in what a trader said is a very tough market due to its price swings.
Although China remains out of the Canadian export market, the trader said the domestic crushers are running at capacity with farmers willing to sell their canola.
Also, he warned that prices could slide downward through the New Year and into the first part of 2026.
There was mixed support for canola, with gains in MATIF rapeseed and Chicago soybeans, while Chicago soyoil and Malaysian palm oil were relatively steady. Small upticks in crude oil spilled over into the vegetable oils.
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By Glen Hallick Glacier FarmMedia | MarketsFarm – There were small gains in canola on the Intercontinental Exchange mid-morning Thursday,…
The Canadian dollar was higher on Wednesday afternoon with the loonie at 72.39 U.S. cents compared to Tuesday’s close of 72.23.
There were 73,406 contracts traded on Wednesday, compared to 86,757 on Tuesday. Spreading accounted for 53,990 contracts traded.
Prices are in Canadian dollars per metric tonne:
Price Change
Canola Jan 615.40 dn 4.50
Mar 626.80 dn 5.00
May 638.40 dn 5.50
Jul 645.80 dn 6.30
SOYBEAN futures at the Chicago Board of Trade were higher on Wednesday, turning around after finding strength in export sales.
The United States Department of Agriculture announced four private sales, including 136,000 tonnes of 2025/26 soybeans to China and two sales to unknown destinations totaling 331,000 tonnes of 2025/26 soybeans. Poland bought 120,000 tonnes of 2025/26 soymeal.
Yesterday’s supply and demand report, in which 2025/26 soybean ending stocks were held at 290 million bushels, was still felt in the market.
CORN futures were lower on Wednesday, in a correction from yesterday’s upswing.
The U.S. Energy Information Administration reported ethanol production for the week ended Dec. 5, averaged 1.105 million barrels per day, down 21,000 BPD from the previous week. Ethanol stocks tacked on 1,000 barrels at 22.51 million.
The carryover 2025/26 U.S. corn was cut by 125 million bushels on Tuesday, at 2.03 billion.
Taiwan issued a tender for 65,000 tonnes of corn.
WHEAT futures pulled back on Wednesday, due to a lack of fresh bullish news.
There’s adequate snow cover on winter crops across much of the U.S. Northern Plains, but a lack of moisture for the central and southern areas.
The USDA kept its call on 2025/26 wheat ending stocks at 901 million bushels.
Bulgaria, Greece and Romania signed an agreement to support export capacity to improve their competitiveness with U.S. wheat going to Mediterranean destinations.
