ICE Review: Canola Drops With Soy Complex

WINNIPEG, Manitoba--ICE Futures canola contracts were weaker on Tuesday, taking back Monday's gains as losses in Chicago soybeans and soyoil spilled over to weigh on values.

- Chart-based positioning was a feature, as the November contract fell back below its 20-day moving average.

November canola was down C$13.90 at C$781.00 per tonne at the close.

- Crop conditions remain relatively favourable across Western Canada. Moderate temperatures and scattered showers forecast across most of the region over the next week.

- Uncertainty over negotiations to reopen the Strait of Hormuz kept some caution in the markets, with crude oil slightly firmer.

- The United States Department of Agriculture will release updated production estimates on Wednesday. General expectations are for slight downward revisions to the U.S.

soybean and corn crops.

- There were 47,264 contracts traded on Tuesday, which compares with Monday when 53,301 contracts changed hands.

Spreading accounted for 22,696 of the contracts traded.

Settlement prices in Canadian dollars per metric tonne.

 
           Price      Change 
Nov       781.00    dn 13.90 
Jan       791.20    dn 13.60 
Mar       799.30    dn 13.20 
May       805.70    dn 12.60 

Spread trade prices are in Canadian dollars and the volume represents the number of spreads:

 
Months    Prices                            Volume 
Nov/Jan   9.80 under to 10.30 under          6,585 
Nov/Mar   17.70 under to 18.50 under           613 
Nov/May   23.80 under to 24.70 under             1 
Nov/Nov   39.40 over to 33.60 over               4 
Jan/Mar   7.70 under to 8.30 under           3,225 
Jan/May   13.60 under to 14.50 under            22 
Jan/Jul   16.50 under to 17.70 under             5 
Jan/Nov   45.60 over to 43.10 over               9 
Mar/May   5.60 under to 6.50 under             524 
Mar/Jul   8.70 under to 9.60 under              71 
Mar/Nov   56.90 over to 51.90 over               1 
May/Jul   2.70 under to 3.20 under             240 
Jul/Nov   66.30 over to 59.00 over              38 
Nov/Jan   1.70 under to 3.10 under              10 
 

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

(END) Dow Jones Newswires

August 11, 2026 15:27 ET (19:27 GMT)