ICE Morning Commentary: ICE Canola Continues to Turn Lower
WINNIPEG, Manitoba--Canola futures on the Intercontinental Exchange maintained their steady decline Friday morning.
Chicago soyoil and European rapeseed were modestly lower overnight, while Malaysian palm oil saw its sharpest weekly drop in two years, pressured by crude oil. However, crude oil was slightly higher as investors weighed the chances of renewed fighting in the Middle East with potential peace talks.
The Canadian dollar fell hard, losing six-tenths of a U.S. dollar compared with Thursday's close. Statistics Canada reported that the country's unemployment rate moved up to 6.7% in October as the country lost 4,700 jobs and more people were looking for work. Economists expected a gain of 13,600 jobs prior to the report.
Nearly 12,700 contracts were traded. Prices in Canadian dollars per metric ton as of 8:57 a.m. ET:
Canola
Price Change
Jan 750.50 dn 2.70
Mar 761.70 dn 3.40
May 770.40 dn 3.40
Jul 772.90 dn 3.70
Source: Glacier FarmMedia, news@farmmedia.com
(END) Dow Jones Newswires
November 06, 2026 09:35 ET (14:35 GMT)
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