By Glen Hallick
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were lower on Thursday morning, despite increases in most comparable oils.
There was spillover from sharp gains in crude oil, which underpinned upticks in MATIF rapeseed and Malaysian palm oil. While Chicago soyoil was to the downside, soybeans and soymeal were higher.
A trader stated canola will continue to closely follow soyoil.
Agriculture and Agri-Food Canada released its monthly supply and demand estimates on Wednesday with few changes from its February report. AAFC reduced its call on 2026/27 canola ending stocks by 200,000 tonnes at 1.46 million, but the agency kept the oilseed’s 2025/26 carryover at 2.76 million.
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The Canadian dollar stepped back on Thursday morning with the loonie at 72.83 U.S. cents compared to Wednesday’s close of 72.96.
Approximately 15,950 contracts had been traded by 8:35 CDT and prices in Canadian dollars per metric tonne were:
Price Change
Canola May 723.90 dn 2.30
Jul 735.30 dn 2.00
Nov 724.10 dn 2.20
Jan 727.90 dn 2.60
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