ICE Canola Tumbles to Previous Depths
WINNIPEG, Manitoba--Canola futures on the Intercontinental Exchange saw solid declines on Tuesday morning, testing lows previously seen in August.
Despite moving higher overnight after the United States attacked Iran's Qeshm Island, crude oil prices have now retreated, weighing on the vegetable oils, including canola. Chicago soyoil slipped to its lowest price since late June, while European rapeseed and Malaysian palm oil turned sharply lower.
An analyst said that if comparable oils continued to weaken, January canola could potentially test its July low of approximately C$760 per tonne.
The Canadian dollar was down less than one-tenth of a U.S. cent compared to Monday's close.
Nearly 24,300 contracts were traded. Prices in Canadian dollars per metric ton as of 10:01 EST:
Price Change
Jan 775.50 dn 12.90
Mar 786.10 dn 12.10
May 793.10 dn 11.90
Jul 794.60 dn 12.00
Source: Glacier FarmMedia, news@farmmedia.com
(END) Dow Jones Newswires
November 03, 2026 10:45 ET (15:45 GMT)
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