ICE Closing Review: Canola Slowly Increases

WINNIPEG -- Canola futures on the Intercontinental Exchange made modest gains on Tuesday, despite a stronger Canadian dollar and mixed sentiment in comparable oils.

Crude oil was steady, erasing losses from earlier in the day. While Middle Eastern exports have increased as of late, the U.S. Energy Information Administration raised its price forecasts for 2026 and 2027 today to US$98 and US$84 per barrel, respectively.

On Monday, United States President Donald Trump signed an executive order to make highway tax-exempt, red-dyed diesel more broadly available nationwide.

Chicago soyoil rose while Malaysian palm oil was down. The November European rapeseed contract fell but deferred contracts were higher.

At mid-afternoon, the Canadian dollar was up two-tenths of a U.S. cent compared to Monday's close.

There were 76,249 canola contracts traded on Tuesday, compared to Monday when 86,244 contracts changed hands. Spreads accounted for 49,288 contracts in today's trade.

Settlement prices are in Canadian dollars per metric tonne.

 
Nov 825.80 up 6.40 
Jan 839.00 up 6.20 
Mar 848.30 up 6.90 
May 851.50 up 7.80 
Spread trade prices are in Canadian dollars: 
Nov/Jan 12.80 under to 13.80 under 16,165 
Nov/Mar 21.60 under to 23.00 under 428 
Nov/May 25.00 under to 25.80 under 59 
Nov/Nov 25.00 over to 24.80 over 18 
Jan/Mar 8.20 under to 9.50 under 5,834 
Jan/May 11.60 under to 12.50 under 14 
Jan/Nov 39.40 over to 38.00 over 24 
Mar/May 1.80 under to 3.30 under 1,526 
Mar/Jul 0.30 over to 0.50 under 5 
Mar/Nov 48.20 over to 45.40 over 4 
May/Jul 3.40 over to 2.60 over 291 
Jul/Nov 48.60 over to 45.00 over 271 
Nov/Jan 2.50 under to 2.80 under 5 
 
 

Source: Glacier FarmMedia (Adam Peleshaty, apeleshaty@farmmedia.com)

(END) Dow Jones Newswires

October 06, 2026 15:22 ET (19:22 GMT)