ICE Review: Canola Rallies into Weekend

ICE Futures canola contracts were stronger on Friday, hitting their highest levels in three weeks as bullish technical signals and solid end user demand provided support.

- November canola was up C$15.40 at C$818.90 per tonne, trading well above its major moving averages.

- Chicago soybeans and soyoil were also higher, but the Canadian oilseed outpaced the U.S. markets to the upside.

- End users looking to secure old crop supplies ahead of the new crop harvest accounted for some of the strength, with narrowing basis levels in Western Canada a sign of that demand.

- Canada exported 231,000 tonnes of canola during the first week of the 2026-27 marketing year, reported the Canadian Grain Commission. That was up from 92,000 tonnes the previous week, but down nine per cent from the same week a year ago.

- Relatively favourable weather forecasts for most of the Prairies tempered the advances.

- There were 58,334 contracts traded on Friday, which compares with Thursday when 54,710 contracts changed hands.

 
Spreading accounted for 26,396 of the contracts traded. 
Settlement prices in Canadian dollars per metric tonne. 
Canola Nov 818.90 up 15.40 
Jan 826.40 up 15.30 
Mar 832.00 up 15.10 
May 835.30 up 14.20 
Spread trade prices are in Canadian dollars and the volume 
represents the number of spreads: 
Nov/Jan 7.00 under to 7.80 under 8,703 
Nov/Mar 12.60 under to 13.40 under 53 
Nov/May 16.40 under to 16.70 under 20 
Nov/Nov 52.80 over to 50.00 over 10 
Jan/Mar 5.10 under to 5.90 under 2,712 
Jan/May 8.70 under to 9.20 under 7 
Jan/Jul 8.50 under to 11.40 under 17 
Mar/May 2.80 under to 4.20 under 978 
Mar/Jul 3.70 under to 4.90 under 24 
Mar/Nov 68.30 over to 65.90 over 1 
May/Jul 0.10 over to 1.70 under 502 
Jul/Nov 73.00 over to 67.90 over 171 
 
 

Source: Glacier FarmMedia, philfw@farmmedia.com

(END) Dow Jones Newswires

August 14, 2026 15:55 ET (19:55 GMT)