ICE Review: Canola Drops on Vegetable Oil Weakness

WINNIPEG, Manitoba--Canola futures on the Intercontinental Exchange fell back on Wednesday, dragged down by weakness in vegetable oils as well as fund selling.

Chicago soyoil lost more than two United States cents per pound amid overall weakness in the vegetable oil complex. European rapeseed and Malaysian palm oil also showed declines. Crude oil prices were down as increased Middle Eastern exports outweighed attacks on the Strait of Hormuz.

At mid-afternoon, the Canadian dollar declined more than one-tenth of a U.S. cent compared to Tuesday's close, tempering canola's losses.

There were 97,099 canola contracts traded on Wednesday, compared to Tuesday when 76,249 contracts changed hands. Spreads accounted for 66,370 contracts in today's trade.

Settlement prices are in Canadian dollars per metric tonne.

 
           Price      Change 
Nov       810.30    dn 15.50 
Jan       822.90    dn 16.10 
Mar       831.90    dn 16.40 
May       836.00    dn 15.50 

Spread trade prices are in Canadian dollars:

 
Months    Prices                            Volume 
Nov/Jan   12.40 under to 13.40 under        21,105 
Nov/Mar   21.40 under to 22.60 under           552 
Nov/May   25.70 under to 26.40 under            13 
Jan/Mar   8.40 under to 9.50 under           6,405 
Jan/May   11.90 under to 13.10 under             2 
Jan/Jul   11.00 under to 11.40 under             5 
Jan/Nov   36.80 over to 30.90 over               8 
Mar/May   1.70 under to 4.40 under           3,648 
Mar/Jul   0.70 under to 2.90 under              18 
Mar/Nov   39.90 over to 39.30 over               4 
May/Jul   3.70 over to 1.20 over               619 
Jul/Nov   48.40 over to 41.70 over             806 
 

Source: Glacier FarmMedia, news@farmmedia.com

(END) Dow Jones Newswires

October 07, 2026 15:18 ET (19:18 GMT)