ICE Midday: Canola, Crude Oil Advance
WINNIPEG, Manitoba--Canola futures on the Intercontinental Exchange were higher in the middle of Thursday trading, receiving support from comparable oils.
Crude oil prices surged by more than US$4 per barrel after Houthi rebels attacked Riyadh's King Khalid Airport on consecutive days. There was also a report United States President Donald Trump is considering resuming combat operations in Iran before midterm elections.
Chicago soyoil and Malaysian palm oil moved upward, while European rapeseed was mostly higher.
Manitoba's canola harvest advanced 21 points during the week ended Oct. 6 at 74 per cent complete.
Most of the southern half of Alberta was under a special weather statement warning of snowfall in the coming days. Snow totals in Grande Cache, Hinton and Jasper National Park could reach 20 centimetres.
As for today, southern Alberta will see sunny skies and daytime high temperatures up to 20 degrees Celsius, while the rest of the province will be cool and rainy. Southern Saskatchewan will also see rainfall, while southern Manitoba will be partly cloudy.
The Canadian dollar was up one-tenth of a U.S. cent compared to Wednesday's close.
About 56,600 canola contracts have traded at 10:10 CDT. Prices in Canadian dollars per metric tonne: Price Change
Price Change
Nov 816.90 up 6.60
Jan 829.80 up 6.90
Mar 838.90 up 7.00
May 842.70 up 6.70
Source: Glacier FarmMedia, news@farmmedia.com
(END) Dow Jones Newswires
October 08, 2026 11:52 ET (15:52 GMT)
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