ICE Closing Review: Canola Resumes Downturn
WINNIPEG -- Canola futures on the Intercontinental Exchange exited the weekend on a low note, pressured by weaker comparable oil prices and farmer selling.
Crude oil was in negative territory after the United States lifted sanctions on Russian oil. However, conflicts in Ukraine and the Middle East are ongoing.
Chicago soyoil and European rapeseed were in the red on Monday, while Malaysian palm oil was higher after the drought-stricken Kapuas River in Indonesia caused shipping issues.
Statistics Canada reported the country's annual inflation rate was 3.1 per cent in September, compared to 3.0 per cent in August.
Alberta's canola harvest was 74 per cent complete as of Oct. 13.
At mid-afternoon, the Canadian dollar was up nearly three-tenths of a U.S. cent compared to Friday's close.
There were 99,595 canola contracts traded on Monday, compared to Friday when 113,995 contracts changed hands. Spreads accounted for 63,052 contracts in today's trade.
Settlement prices are in Canadian dollars per metric tonne. Nov 787.00 dn 11.80 Jan 800.20 dn 11.40 Mar 810.90 dn 10.60 May 817.10 dn 9.60 Spread trade prices are in Canadian dollars: Nov/Jan 12.50 under to 13.70 under 19,395 Nov/Mar 22.60 under to 24.30 under 335 Nov/May 30.00 under to 30.10 under 16 Jan/Mar 9.40 under to 10.70 under 8,683 Jan/May 15.10 under to 16.90 under 14 Jan/Jul 15.00 under to 17.80 under 2 Mar/May 4.50 under to 6.30 under 2,189 Mar/Jul 5.80 under to 7.10 under 4 May/Jul 1.10 over to 1.00 under 667 Jul/Nov 36.80 over to 31.60 over 209 Nov/Jan 1.10 under to 2.10 under 12
Source: Glacier FarmMedia (Adam Peleshaty, apeleshaty@farmmedia.com)
(END) Dow Jones Newswires
October 19, 2026 15:28 ET (19:28 GMT)
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