ICE Review: Canola Follows Crude Oil Higher

WINNIPEG, Manitoba--Canola futures on the Intercontinental Exchange made gains on Tuesday as crude oil's momentum spilled over into the oilseed.

An analyst said attacks on a major pipeline in Saudi Arabia by Iran-backed Houthi rebels and the shutdown that followed caused crude oil prices to rise by US$2.50 to US$4 per barrel. Three oil facilities in Libya halted operations today after protesters shut down a valve to a pipeline.

Chicago soyoil, European rapeseed and Malaysian palm oil were higher.

Statistics Canada will release its principal field crop report on Wednesday.

At mid-afternoon, the Canadian dollar was down less than one-tenth of a U.S. cent compared to Monday's close.

There were 52,258 canola contracts traded on Tuesday, compared to Monday when 57,565 contracts changed hands. Spreads accounted for 32,646 contracts in today's trade.

Settlement prices are in Canadian dollars per metric tonne.

 
           Price      Change 
Nov       829.30     up 6.30 
Jan       840.90     up 6.60 
Mar       850.50     up 6.70 
May       855.40     up 6.70 

Spread trade prices are in Canadian dollars:

 
Months    Prices                            Volume 
Nov/Jan   10.90 under to 11.90 under         7,192 
Nov/Mar   20.30 under to 21.70 under         1,085 
Nov/May   25.60 under to 27.40 under            58 
Jan/Mar   9.10 under to 9.90 under           4,195 
Jan/May   13.90 under to 15.60 under           681 
Jan/Jul   12.30 under to 13.90 under             5 
Mar/May   4.60 under to 5.80 under           2,093 
Mar/Jul   2.70 under to 4.30 under             102 
Mar/Nov   57.60 over to 54.90 over              32 
May/Jul   2.90 over to 0.90 over               737 
Jul/Nov   61.30 over to 56.10 over             143 
 

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

(END) Dow Jones Newswires

September 15, 2026 15:19 ET (19:19 GMT)