ICE Review: Canola Rallies Despite Weaker Soyoil
WINNIPEG, Manitoba--Canola futures in the Intercontinental Exchange maintained their positive momentum despite some bearish factors.
Crude oil showed little movement Wednesday amid reports of Houthi rebels attacking a Saudi oil tanker in the Red Sea and progress toward the reopening of the Strait of Hormuz.
Chicago soyoil was down, European rapeseed was mostly higher and Malaysian palm oil was mixed.
The Canadian dollar was up three-tenths of a U.S. cent compared to Tuesday's close, putting pressure on canola.
There were 41,612 canola contracts traded on Wednesday, compared to Tuesday when 68,314 contracts changed hands.
Spreads accounted for 18,628 contracts.
Settlement prices are in Canadian dollars per metric ton.
Contracts Price Change Nov 766.00 up 5.30 Jan 775.70 up 5.00 Mar 783.60 up 5.20 May 789.60 up 5.30
Spread trade prices are in Canadian dollars:
Contracts Prices Volume Nov/Jan 9.40 under to 10.00 under 3,702 Nov/Mar 17.10 under to 17.80 under 24 Nov/May 22.90 under to 23.60 under 2 Nov/Jul 25.60 under to 27.50 under 4 Nov/Mar 40.90 over to 37.20 over 1 Jan/Mar 7.30 under to 8.00 under 2,468 Jan/May 13.00 under to 14.00 under 20 Jan/Jul 15.90 under to 19.00 under 293 Jan/Jan 53.60 over to 53.00 over 1 Mar/May 5.50 under to 6.40 under 1,787 Mar/Jul 8.30 under to 9.90 under 4 Mar/Jan 61.50 over to 59.50 over 3 May/Jul 2.10 under to 3.90 under 915 Jul/Nov 71.40 over to 67.60 over 86 Nov/Jan 4.40 under to 5.80 under 1 Jan/Mar 1.50 over to 1.40 under 3
Source: Glacier FarmMedia, news@marketsfarm.com
Corrections & Amplifications
This item was corrected at 5:06 p.m. ET to clarify that the Nov/Mar canola price spread was 40.90 over to 37.20 over. A earlier version misstated the figures as 28 40.90 over to 37.20 over.
(END) Dow Jones Newswires
August 05, 2026 15:28 ET (19:28 GMT)
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