ICE Morning Commentary: ICE Canola Eases Despite Rising Crude Oil
WINNIPEG, Manitoba--Canola futures on the Intercontinental Exchange were in decline Wednesday morning despite rising crude oil prices.
Statistics Canada reported 2025-26 canola ending stocks as of July 31 at 1.9 million tonnes, up by 19% compared to a year earlier and in line with the five-year average.
Recent escalations in the fighting between the U.S. and Iran caused crude oil prices to gain nearly US$3 per barrel, lifting Brent crude oil above US$100 per barrel for the first time in weeks. While European rapeseed was higher, Chicago soyoil and Malaysian palm oil were down.
Rain is expected for parts of northern and central Alberta as well as northern Saskatchewan. Daytime temperatures will be normal throughout the Prairies.
The Canadian dollar was steady compared with Tuesday's close.
Nearly 16,800 contracts were traded. Prices in Canadian dollars per metric ton as of 9:48 a.m. ET:
Canola
Price Change
Nov 834.80 dn 4.30
Jan 843.60 dn 4.70
Mar 851.60 dn 4.70
May 858.70 dn 2.20
Source: Commodity News Service Canada, news@marketsfarm.com
(END) Dow Jones Newswires
September 09, 2026 10:22 ET (14:22 GMT)
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