Glacier FarmMedia — ICE Futures canola contracts were narrowly mixed at midday Tuesday, lacking any clear direction in choppy trade.
Losses in Chicago soybeans and soyoil accounted for some spillover selling pressure in the Canadian oilseed. Malaysian palm oil was also lower in overnight trade, while European rapeseed held near unchanged.
Markets in the United States will be closed on Thursday for Thanksgiving, and positioning ahead of the holiday was a feature of the trade.
Canadian oilseed processors crushed 1.027 million tonnes of canola in October, which was up by 1.9 per cent from September but down 6.8 per cent from the same month a year ago, reported Statistics Canada. An estimated 2.902 million tonnes of canola was crushed during the first three months of the 2025/26 crop-year-to-date, which compares with 2.885 million at the same point the previous year.
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ICE canola in the red
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were lower on Tuesday morning, following the lead of comparable oils….
Soft export demand continued to weigh on values, although a lack of significant farmer selling on the other side provided support and canola futures were holding rangebound from a chart standpoint.
An estimated 21,600 canola contracts traded as of 10:40 CST.
Prices in Canadian dollars per metric tonne at 10:40 CST:
Canola Jan 643.90 dn 0.30
Mar 657.70 up 0.70
May 668.50 up 0.90
Jul 674.90 up 1.30
Access the latest futures prices at https://www.producer.com/markets-futures-prices/
