ICE Review: Canola Rises on Soy Price Spillover From USDA Report
WINNIPEG, Manitoba--Canola futures on the Intercontinental Exchange improved as sharp increases in soybean prices spilled over into the Canadian oilseed.
The U.S. Agriculture Department released its monthly supply/demand estimates earlier Tuesday, which projected 2026-27 soybean ending stocks at 300 million bushels, well below the average pre-report estimate of 337 million.
Chicago soyoil not only turned positive after the report's release, it closed much stronger. European rapeseed swung upward and Malaysian palm oil was mostly higher.
Losses in crude-oil prices were softer after larger declines earlier in the session. Potential upcoming negotiations between the U.S. and Iran continued to weigh on crude values. Also, representatives from the U.S., Russia and Ukraine met in Abu Dhabi on Monday for peace talks to end the Russia-Ukraine war.
ICE canola futures trading will be closed on Wednesday for Remembrance Day. The U.S. markets will be open.
The Canadian dollar was down nearly one-third of a U.S. cent compared to Monday's close.
There were 70,629 canola contracts traded on Tuesday, compared to Monday when 67,711 contracts changed hands. Spreads accounted for 36,100 contracts.
Settlement prices are in Canadian dollars per metric ton.
Contracts Prices Change Jan 770.40 up 13.00 Mar 781.00 up 12.30 May 788.50 up 11.40 Jul 790.40 up 9.70
Spread trade prices are in Canadian dollars:
Contracts Price Volume Jan/Mar 10.10 under to 11.50 under 10,394 Jan/May 18.10 under to 19.80 under 321 Jan/Jul 19.90 under to 23.30 under 270 Mar/May 7.40 under to 8.60 under 4,829 Mar/Jul 9.40 under to 11.60 under 10 Mar/Nov 16.10 over to 13.10 over 8 May/Jul 1.60 under to 3.70 under 1,844 Jul/Nov 26.50 over to 24.00 over 336 Nov/Jan 7.60 under to 7.90 under 38
Source: Glacier FarmMedia, news@farmmedia.com
(END) Dow Jones Newswires
November 10, 2026 15:32 ET (20:32 GMT)
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