Glacier FarmMedia -– Canola futures on the Intercontinental Exchange were down on Friday, despite earlier gains, after the release of a new report from Statistics Canada.
Canadian canola stocks totaled 15.62 million tonnes as of Dec. 31, 2025, compared to 13.23 million one year ago and the five-year average of 12.61 million.
An analyst said this is the end of canola’s rally unless there is fresh news in the near future. He also said rising soybean prices could spill over into the Canadian oilseed.
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ICE Midday: Canola holds steady to higher after StatCan release
Glacier FarmMedia – Canola futures on the Intercontinental Exchange remained steady to higher following the release of Statistics Canada’s grain…
European rapeseed was up, while Malaysian palm oil and Chicago soyoil were down. Crude oil was higher as the United States and Iran meet for peace talks in Oman today.
At mid-afternoon, the Canadian dollar was up one-tenth of a U.S. cent compared to Thursday’s close.
There were 52,745 canola contracts traded on Friday, compared to Thursday when 70,710 contracts changed hands. Spreads accounted for 46,128 contracts in today’s trade.
SOYBEAN prices were higher at the Chicago Board of Trade on Friday due to speculation of additional Chinese purchases of United States soybeans.
The United States Department of Agriculture will release its monthly supply/demand estimates on Feb. 10. The trade estimated an average soybean ending stocks of 347 million bushels, down three million from the January estimate. World ending stocks would total 125.3 million tonnes, up from 124.41 million in the January report.
The USDA reported soybean export commitments at 34.29 million tonnes, down 20 per cent from the same period last year and consisting of 80 per cent of the USDA’s export projection for 2025-26.
January soybean exports from Brazil were 1.88 million tonnes, said government data. The figure was down 44.5 per cent from December, but up 75.5 per cent from January last year.
S&P Global reported that Brazilian biofuel producers and distributors may not meet the March deadline to move from a 15 per cent biodiesel blend to a 16 per cent blend, noting inflation risk ahead of presidential elections in October.
March CORN ended its three-day rally on Friday, falling below US$4.30 per bushel at one point.
The USDA is expected to keep January’s 2025/26 corn carryout at 2.227 billion bushels. World ending stocks would total 290.48 million tonnes, down 430,000 tonnes from the January report.
U.S. corn export commitments tallied 58.735 million tonnes, 31 per cent above the same period last year and 72 per cent of the USDA’s export projection.
Brazilian corn exports in January were 4.25 million tonnes, down 30.7 per cent from the same month last year.
The Buenos Aires Grain Exchange trimmed its Argentine corn production estimate by one million tonnes at 57 million.
There were losses in the three major U.S. WHEAT varieties on Friday, with Kansas City hard red having the biggest declines.
Statistics Canada reported Canadian wheat stocks as of Dec. 31, 2025 totaled 27.5 million tonnes, 5.9 per cent above the same time last year.
The average trade estimate for 2025-26 U.S. wheat carryout was 918 million bushels, down eight million from the USDA’s January report. World ending stocks would total 278.24 million tonnes, down 10,000 tonnes from the previous month.
U.S. wheat export commitments were at 21.974 million tonnes, up 17 per cent from the same time last year and 90 per cent of the USDA’s export projections for the current marketing year.
Reuters reported that India has lifted limits on domestic wheat stocks, citing comfortable supplies and easing prices.
