Canola Futures Posting Gains in Rangebound Thursday Trade
WINNIPEG, Manitoba--ICE canola futures were holding onto small gains Thursday morning, as the market remained stuck in a sideways trading pattern.
The November contract was up C$5.80 at C$830.90 per tonne in early activity, holding well within its trading range of the past month between C$815 to C$840 per tonne.
A firmer tone in crude oil lent support to world vegetable oil markets, although Chicago soyoil was softer in early activity. European rapeseed and Malaysian palm oil held near unchanged, providing little direction.
The Canadian dollar was at a two-month low relative to its United States counterpart, underpinning crush margins and making exports more attractive to international buyers.
Warm and dry weather should allow farmers to make good harvest progress in Alberta and Saskatchewan, although rain is forecast in parts of southern Manitoba over the next few days.
About 19,900 canola contracts had traded as of 9:41 EDT.
Prices in Canadian dollars per metric tonne at 9:41 EDT:
Price Change
Nov 830.90 up 5.80
Jan 842.80 up 5.60
Mar 849.90 up 4.90
May 852.30 up 4.50
Source: Glacier FarmMedia, news@farmmedia.com
(END) Dow Jones Newswires
September 24, 2026 10:12 ET (14:12 GMT)
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