Glacier FarmMedia — ICE canola futures were weaker Friday morning, taking back most of Thursday’s gains.
- Soybean and soyoil futures in Chicago were down in early activity, accounting for some spillover selling pressure in canola. European rapeseed and Malaysian palm oil were also lower.
- Canada exported 289,200 tonnes of canola during the week ended Dec. 8, hitting the largest weekly total of the 2025/26 marketing year-to-date, according to Canadian Grain Commission data. However, the pace remains well off the year-ago level due to the absence of Chinese buying.
- End-user bargain hunting remained somewhat supportive, with wide crush margins thought to be encouraging demand from domestic processors.
- The Canadian dollar was firm in early trade, holding near its highest levels in three months relative to its United States counterpart.
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About 18,300 canola contracts had traded as of 8:53 CST.
Prices in Canadian dollars per metric tonne at 8:53 CST:
Canola Jan 613.80 dn 7.50
Mar 626.00 dn 6.80
May 637.40 dn 6.60
Jul 644.90 dn 6.00
