ICE Review: Losses in Comparable Oils Weaken Canola
WINNIPEG, Manitoba--Intercontinental Exchange canola futures were weaker on Thursday, pulled lower by declines in crude oil.
Despite those losses in crude having moderated by the time ICE and the Chicago Board of Trade closed, that had little effect on the oilseeds.
The United States and Iran signed their peace deal earlier today, which led to the losses in crude. That also saw the Chicago soy complex and European rapeseed turn weaker. Malaysian palm oil held relatively steady.
The November canola contract remained below its 20- and 50-day moving averages but stayed above the 100-day average.
Saskatchewan reported provincewide spring seeding was up four points at 97 per cent complete as of June 15. The planting of canola was also 97 per cent finished.
The Canadian dollar was weaker Thursday afternoon, with the loonie at 70.75 U.S. cents, compared to Wednesday's close of 71.26.
There were 88,786 canola contracts traded on Thursday, compared to 64,420 on Wednesday. Spreading accounted for 44,890 contracts traded.
Prices are in Canadian dollars per metric tonne: Price Change
Price Change
Jul 728.90 dn 10.10
Nov 734.30 dn 11.80
Jan 742.20 dn 12.90
Mar 747.70 dn 13.40
Spread trade prices are in Canadian dollars and the volume represents the number of spreads:
Months Prices Volume Jul/Nov 3.60 under to 7.50 under 11,167 Jul/Jan 11.40 under to 14.40 under 149 Nov/Jan 7.50 under to 9.20 under 7,922 Nov/Mar 12.90 under to 13.80 under 92 Nov/May 15.90 under to 16.60 under 27 Jan/Mar 5.30 under to 6.10 under 2,722 Jan/May 7.40 under to 8.20 under 8 Mar/May 2.00 under to 2.60 under 148 May/Jul 2.90 over to 2.30 over 182 Jul/Nov 54.10 over to 45.10 over 28
Source: Commodity News Service Canada, news@marketsfarm.com
(END) Dow Jones Newswires
June 18, 2026 15:19 ET (19:19 GMT)
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