ICE Review: Canola Posts Small Gains After Choppy Day

WINNIPEG, Manitoba--The ICE Futures canola market settled with small gains on Friday after trading to both sides of unchanged in choppy activity.

--November canola was up by C$0.80 at C$816.70 per ton, having traded in a 10 dollar range from C$813.40 to C$823.50 per ton.

--Updated supply/demand estimates from the United States Department of Agriculture initially sparked a bearish reaction in the soy complex, as upward revisions to production and ending stocks estimates topped expectations. However, speculative short-covering came forward to underpin the Chicago futures, with some of that technical buying spilling into the canola market.

--Positioning ahead of the Thanksgiving long weekend was another feature, as Canadian markets will be closed on Monday for the holiday.

--Seasonal harvest pressure tempered the advances, as the canola harvest nears its final stages across most of the Prairies.

--Canada exported 248,400 tons of canola during the week ended Oct. 4, which was up from 130,700 tons the previous week, reported the Canadian Grain Commission.

--There were 87,700 contracts traded on Friday, which compares with Thursday when 97,978 contracts changed hands.

Spreading accounted for 65,486 of the contracts traded.

 
Settlement prices in Canadian dollars per metric ton. 
 
Canola     Price        Change 
 Nov       816.70       up 0.80 
 Jan       829.80       up 0.90 
 Mar       839.10       up 0.90 
 May       842.80       up 0.40 
 
Spread trade prices are in Canadian dollars and the volume represents the number of spreads: 
 
Months                  Prices                 Volume 
Nov/Jan       12.60 under to 13.30 under       17,499 
Nov/Mar       21.50 under to 22.90 under        1,064 
Nov/May       24.70 under to 26.20 under           31 
Nov/Nov       20.00 over to 19.70 over              1 
Jan/Mar        8.50 under to 9.70 under         8,222 
Jan/May       11.50 under to 13.30 under          117 
Jan/Jul        8.40 under to 9.50 under             1 
Mar/May        2.70 under to 4.20 under         3,583 
Mar/Jul        0.20 under to 1.00 under            33 
May/Jul        3.90 over to 2.50 over           1,282 
May/Nov       49.00 over to 45.80 over              9 
Jul/Nov       46.70 over to 41.80 over            901 
 

Source: Glacier FarmMedia, news@farmmedia.com

(END) Dow Jones Newswires

October 09, 2026 16:03 ET (20:03 GMT)