Glacier FarmMedia – Canola futures on the Intercontinental Exchange were lower on Friday as the oilseed is still reeling from Thursday’s principal field crop estimates from Statistics Canada.
StatCan projected the 2025-26 canola crop at a record 21.8 million tonnes, but an analyst said there is a chance that figure may be understated. The January contract is also approaching late-September, early-October lows while staying above the psychological level of C$620 per tonne.
Chicago soyoil, European rapeseed and Malaysian palm oil were higher. Crude oil was also up as Russia-Ukraine peace talks stall and tensions grow between the United States and Venezuela.
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The Canadian dollar added one half of a U.S. cent compared to Thursday’s close.
About 38,700 canola contracts have traded at 10:12 CST. Prices in Canadian dollars per metric tonne:
Price Change
Jan 621.20 dn 3.80
Mar 635.10 dn 4.10
May 647.90 dn 4.10
Jul 656.00 dn 4.20
To access the latest futures prices, go to https://www.producer.com/markets-futures-prices/
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