Morningstar

ICE Canola Lower, Touches 3-Month Lows

Provided by Dow Jones

WINNIPEG, Manitoba--ICE Futures canola contracts were weaker, touching fresh three-month lows in choppy trade.

January canola was down 7.90 Canadian dollars at C$780.50 per metric ton on Tuesday after trading within a wide range from C$775.00 to C$790.80 per ton.

Chart-based selling was a feature, with bearish technical signals suggesting a move towards major support around C$750 per ton was possible, an analyst said.

Chicago soybeans, European rapeseed and Malaysian palm oil were lower on the day, accounting for some spillover selling pressure.

However, Chicago soyoil was slightly firmer.

The canola harvest has wrapped up across most of Western Canada, limiting farmer selling pressure.

An estimated 36,100 canola contracts traded as of 11:13 a.m. EST. 




  Prices in Canadian dollars per metric ton: 


 
   Contracts  Prices   Change 
   Jan         780.50  dn 7.90 
   Mar         790.60  dn 7.60 
   May         797.60  dn 7.40 
   Jul         798.80  dn 7.80 
 



  Source: Glacier FarmMedia, news@farmmedia.com 





  (END) Dow Jones Newswires



  November 03, 2026 12:01 ET (17:01 GMT)


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