Glacier FarmMedia – Canola futures on the Intercontinental Exchange continued to rise on Tuesday on the strength of vegetable oils.
Crude oil prices declined late in trading after an unconfirmed media report said Iranian President Masoud Pezeshkian was open to ending the Middle East war provided there are guarantees. Crude oil lost between US$1 to US$3 per barrel by the afternoon.
Chicago soyoil, European rapeseed and Malaysian palm oil were higher.
An analyst said that canola is leaning bullish, according to the technicals for Chicago soyoil. Another analyst said he’s monitoring any demand disruption for vegetable oils, especially for the Asian markets. He said there’s the potential for a lack of diesel along with the possibility of fuel becoming too expensive.
Read Also
U.S. Grain/Oilseed Review: Markets bullish after USDA releases reports
Glacier FarmMedia – The United States Department of Agriculture released its prospective plantings report and its March 1 grain stocks…
Statistics Canada reported canola deliveries for February 2026 at 2.021 million tonnes, compared to 1.615 million one year earlier.
StatCan also reported that 951,353 tonnes of canola were crushed last month, up from 882,610 tonnes in February 2025.
At mid-afternoon, the Canadian dollar was down more than one-tenth of a United States cent compared to Monday’s close.
There were 62,917 canola contracts traded on Tuesday, compared to Monday when 65,983 contracts changed hands. Spreads accounted for 42,406 contracts in today’s trade.
Settlement prices are in Canadian dollars per metric tonne.
May 731.80 up 4.10
Jul 744.50 up 4.00
Nov 736.60 up 2.80
Jan 742.20 up 2.10
Spread trade prices are in Canadian dollars:
May/Jul 12.40 under to 13.30 under 11,670
May/Nov 4.70 under to 7.60 under 893
May/Jan 10.40 under to 11.10 under 1
Jul/Nov 8.20 over to 5.40 over 5,602
Jul/Jan 2.50 over to 1.50 over 23
Jul/Mar 2.00 under to 2.30 under 2
Jul/Jul 2.40 under to 4.30 under 101
Nov/Jan 5.10 under to 6.20 under 2,116
Jan/Mar 3.90 under to 4.60 under 419
Mar/May 0.40 under to 1.50 under 177
Mar/Jul 0.50 under to 2.10 under 23
May/Jul 0.50 over to 0.70 under 146
Jul/Nov 39.70 over to 37.00 over 30
To access the latest futures prices, go to https://www.producer.com/markets-futures-prices/
Stay informed with our daily market videos. Each video quickly covers key futures moves, price trends, and market signals that matter to Canadian farmers. Get clear, timely insights in just a few minutes. Bookmark https://www.producer.com/markets-futures-prices/videos
