ICE Review: Canola Rises Above Negative Markets

WINNIPEG, Manitoba--Canola futures on the Intercontinental Exchange showed some independent strength on Tuesday coming out of the August long weekend. There was no trading on Monday due to the civic holiday.

United States Treasury Secretary Scott Bessent told CNBC on Tuesday that he expects the U.S. and Iran to reach a deal to reopen the Strait of Hormuz "today or tomorrow". Hours earlier, a cargo vessel was struck off the coast of Oman near the strait.

Crude oil lost more than US$4 per barrel, while Chicago soyoil and European rapeseed were lower. Malaysian palm oil was higher.

At mid-afternoon, the Canadian dollar was down more than one-tenth of a U.S. cent compared to Friday's close.

There were 68,314 canola contracts traded on Tuesday, compared to Friday when 54,685 contracts changed hands. Spreads accounted for 30,244 contracts in Tuesday's trade.

Settlement prices are in Canadian dollars per metric tonne.

 
           Price      Change 
Nov       760.70     up 2.50 
Jan       770.70     up 3.20 
Mar       778.40     up 3.90 
May       784.30     up 4.30 

Spread trade prices are in Canadian dollars:

 
Months    Prices                            Volume 
Nov/Jan   9.00 under to 10.40 under          8,096 
Nov/Mar   15.70 under to 17.90 under            58 
Nov/May   22.30 under to 23.70 under            14 
Nov/Jul   25.80 under to 26.00 under             3 
Jan/Mar   6.50 under to 7.80 under           4,411 
Jan/May   12.00 under to 13.60 under             9 
Jan/Jul   13.10 under to 16.40 under           397 
Jan/Jan   52.40 over to 51.50 over               1 
Mar/May   4.90 under to 6.00 under           1,215 
Mar/Jul   7.40 under to 8.30 under               8 
May/Jul   0.80 under to 2.80 under             621 
May/Jan   80.20 over to 65.10 over              23 
Jul/Nov   83.80 over to 65.00 over             266 
 

Source: Commodity News Service Canada, news@marketsfarm.com

(END) Dow Jones Newswires

August 04, 2026 15:14 ET (19:14 GMT)