Canola stands in a field in central Manitoba prior to harvest.

Canola prices in a pickle

Canola markets are facing pressure from trade action as Trump tariffs loom, even as supplies tighten

Threatened Trump tariffs have slipped canola prices into a predicament. The commodity’s futures on the Intercontinental Exchange are at a point where values could quickly plummet or spike higher.

ICE canola turning higher in choppy trade

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was mostly higher Monday morning, recovering from overnight losses in choppy trade. Weakness in the Chicago soy complex accounted for some spillover selling pressure, with European rapeseed and Malaysian palm oil also down to start the week. However, tightening supply projections


North American Grain and Oilseed Review: Canola front months nudge up

U.S. soybeans, corn, wheat drop back

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were slightly higher in the front months on Friday while the deferred positions were lower. Canola received support from slight increases in Chicago soyoil and Malaysian palm oil. However, declines in Chicago soybeans and soymeal, plus those in European rapeseed limited the

ICE Canola Midday: Futures swinging upward

Strong exports, domestic use continue

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were higher late Friday morning, as the March contract held above its major moving averages including the 200-day. Upticks in Chicago soyoil and Malaysian palm oil helped to bolster canola, while declines in soybeans and soymeal plus most European rapeseed contracts limited the


ICE canola moves higher

The ICE Futures canola market maintained its positive momentum on Friday morning to go with similar sentiment in comparable oils. The Canadian Grain Commission reported 202,500 tonnes of canola exported during the week ended Jan. 19, just 500 less than the previous week. So far this marketing year, 5.129 million tonnes were shipped compared to

North American Grain and Oilseed Review: Bullish market heading into confusing future

Chicago soybeans, corn move upward

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed higher on Thursday in a bullish market. Support from gains in Chicago soybeans and soyoil, along with those in European rapeseed helped to push canola upward today. However, gains were tempered by declines in Chicago soymeal and Malaysian palm oil. Losses


ICE Canola Midday: Confusing future for Canadian oilseed

Tariff threats vs. tighter supplies

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were climbing higher late Thursday morning, propelled by gains in Chicago soyoil and European rapeseed. Additional support came from upticks in Chicago soybeans, while soymeal eased back. Slight increases in crude oil were spilling over into the vegetable oils. While an analyst said

ICE canola rising slightly

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market showed minimal gains on Thursday morning despite negative values in vegetable oils. European rapeseed and Malaysian palm oil were lower, while Chicago soyoil was steady. However, crude oil was slightly higher. The Canadian dollar was down one-tenth of a United States cent compared to Wednesday’s close.


North American Grain and Oilseed Review: Rebalancing leads to gains in canola

CBOT fluctuates after yesterday’s strong increases

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm –Intercontinental Exchange canola futures clung to small increases on Wednesday after pulling back from larger gains. A trader said there’s a “rebalancing” of canola with Chicago soy, as the Canadian oilseed lagged by upwards to C$100 per tonne over the last two weeks. He noted that soyoil

ICE Canola Cash Close

The following are the closing cash canola prices from ICE Futures. Source: ICE Futures 1 Canada NCC Best Bid Price     Basis     Contract     Change CANOLA *Par Region          614.50   -15.00    March 2025   dn   2.40 Basis: Thunder Bay   650.10    20.00    March 2025   up   0.60 Basis: Vancouver     675.10    45.00    March 2025   up   5.60 All prices in Canadian dollars per