ICE Midday: Canola Sees Small Declines
WINNIPEG, Manitoba--Canola futures on the Intercontinental Exchange have turned around to step back in the middle of Friday trading despite positive sentiment in comparable oils.
Crude oil prices continued to climb amid uncertainty in the Middle East, with the spillover pushing up Chicago soyoil, European rapeseed and Malaysian palm oil.
The Saskatchewan canola harvest advanced by seven points at 96% complete as of Oct. 19.
The Canadian Grain Commission reported 158,300 tonnes of canola were exported during the week ended Oct. 18, down from 248,400 tonnes the previous week. So far this marketing year, 1.377 million tonnes of canola were exported, compared with 955,300 tonnes a year ago.
Northeastern Alberta and northern Saskatchewan are under snowfall warnings, while central Saskatchewan is under a special weather statement warning of mixed precipitation. Southeastern Alberta and southwestern Saskatchewan are under wind warnings with rain and possible snow in the forecast. Southern Manitoba will see temperatures exceed 20 degrees Celsius with rain later in the day.
The Canadian dollar was up two-tenths of a U.S. cent compared with Thursday's close.
About 42,200 canola contracts have traded at 11:20 a.m. ET. Prices in Canadian dollars per metric tonne:
Canola
Price Change
Nov 775.00 dn 2.50
Jan 788.90 dn 2.40
Mar 801.00 dn 2.30
May 809.00 dn 2.10
Source: Glacier FarmMedia, news@farmmedia.com
(END) Dow Jones Newswires
October 23, 2026 12:12 ET (16:12 GMT)
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