ICE Canola Midday: Still on the Rise

WINNIPEG, Manitoba--Intercontinental Exchange canola futures were posting gains late Monday morning, on spillover from Chicago soyoil.

"Ironically soybean oil is up," an analyst commented, suggesting that it and canola were taking a breather from their recent declines.

However, steep losses in crude oil weighed on the other vegetable oils, with Chicago soybeans and soymeal as well as European rapeseed and Malaysian palm oil to the downside.

The grain and oilseed markets were positioning ahead of Tuesday's supply and demand estimates from the U.S. Department of Agriculture. The analyst said it is very likely the USDA will raise yields for soybeans and corn, otherwise there shouldn't be any major surprises in the report.

The Canadian dollar eased back late Monday morning with the loonie slipping to 70.78 U.S. cents, compared to Friday's close of 70.86.

Approximately 31,400 canola contracts were traded as of 10:32 a.m. EST with prices in Canadian dollars per metric ton:

 
           Price      Change 
Jan       755.40     up 3.20 
Mar       766.30     up 2.00 
May       774.70     up 1.30 
Jul       778.00     up 0.70 
 

Source: Glacier FarmMedia, news@farmmedia.com

(END) Dow Jones Newswires

November 09, 2026 11:02 ET (16:02 GMT)