ICE Review : Canola Higher on Bargain Hunting

WINNIPEG, Manitoba--Intercontinental Exchange canola futures were higher, turning around after a series of losses over the last week.

Bargain hunting helped push canola higher on Tuesday, despite pressure from losses in the Chicago soy complex, MATIF rapeseed and crude oil. Malaysian palm oil was relatively steady.

The January canola contract still lagged behind its major moving averages.

The U.S. Agriculture Department issued its world agricultural production and oilseed reports along with its December supply/demand estimates. The USDA added two million metric tons to its call on 2025-26 Canadian canola production at 22 million tons. Last week, Statistics Canada put the canola harvest at 21.80 million tons.

The USDA's 2025-26 global canola output is now at 95.27 million tons, raised three million from its November call. World canola production in 2024-25 was 86 million tons.

The Canadian dollar eased to 72.22 U.S. cents compared to Monday's close of 72.27.

There were 86,757 contracts traded on Tuesday, compared to 81,740 on Monday. Spreading accounted for 70,286 contracts traded.

Prices are in Canadian dollars per metric ton:

Contracts Price Change

 
   Jan       619.90 up 6.20 
   Mar       631.80 up 5.70 
   May       643.90 up 5.20 
   Jul       652.10 up 4.70 
 

Spread trade prices are in Canadian dollars and the volume represents the number of spreads:

 
   Contracts Prices                     Volume 
 
   Jan/Mar   11.50 under to 12.80 under 22,628 
   Jan/May   23.50 under to 25.30 under  1,370 
   Jan/Jul   32.20 under to 33.90 under     27 
   Mar/May   12.00 under to 12.80 under  8,598 
   Mar/Jul   20.20 under to 21.50 under    167 
   Mar/Nov   19.90 under to 20.50 under    130 
   May/Jul    8.00 under to 9.10 under   1,525 
   May/Nov    7.10 under to 7.90 under       1 
   Jul/Nov    1.20 over to 0.60 under      697 
 

Source: MarketsFarm, [e-mail]

(END) Dow Jones Newswires

12-09-25 1525ET