ICE Closing Review: Canola Hangs on to Small Upticks

Winnipeg -- Intercontinental Exchange canola futures managed to erase earlier losses to finish Thursday on the positive side.

Canola received support from sharp increases in Chicago soyoil and more modest upticks in Malaysian palm oil. Another round of spikes in crude oil spilled over into the vegetable oils.

However, the mixed nature of Chicago soybeans, as well as losses in soymeal and European rapeseed limited the upside.

An analyst said ongoing demand for old crop canola and a positive tone in Canada-United States trade talks also lent support.

Prairie temperatures in the low to mid 20s Celsius allow for progress being made towards the harvest.

Saskatchewan reported 4% of the province's crops have been harvested. Of that, only one per cent of the canola in the southwest region has been combined.

The November canola contract remained handily above its major moving averages, further underpinning the oilseed's values.

The Canadian dollar was higher on Thursday afternoon, with the loonie at 72.52 U.S. cents, compared to Wednesday's close of 72.34.

There were 57,710 canola contracts traded on Thursday, compared to 77,671 on Wednesday. Spreading accounted for 27,860 contracts traded.

- - 
 
Prices are in Canadian dollars per metric tonne: 
Canola
    Price  Change 
Nov 820.40 up 0.50 
Jan 828.90 up 1.00 
Mar 835.00 up 1.30 
May 838.80 up 1.40 
 
Spread trade prices are in Canadian dollars and the volume 
represents the number of spreads: 
 
Months  Prices                     Volume 
Nov/Jan 7.70 under to 8.90 under   8,186 
Nov/Mar 13.70 under to 15.30 under 108 
Nov/May 18.20 under to 19.40 under 8 
Jan/Mar 5.60 under to 6.70 under   4,130 
Jan/May 9.20 under to 10.20 under  4 
Jan/Jul 7.20 under to 9.50 under   115 
Mar/May 3.30 under to 4.50 under   989 
Mar/Jul 3.20 under to 3.70 under   3 
May/Jul 1.90 over to 0.50 under    329 
Jul/Nov 70.00 over to 62.00 over   54 
 

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

(END) Dow Jones Newswires

August 20, 2026 15:19 ET (19:19 GMT)