ICE Review : Canola Reverses Course With Mixed Support From Peers

WINNIPEG, Manitoba--Intercontinental Exchange canola futures closed lower on Wednesday, in what a trader said is a very tough market due to its price swings.

Although China remains out of the Canadian export market, the trader said the domestic crushers are running at capacity with farmers willing to sell their canola.

Also, he warned that prices could slide downward through the New Year and into the first part of 2026.

There was mixed support for canola, with gains in MATIF rapeseed and Chicago soybeans, while Chicago soyoil and Malaysian palm oil were relatively steady. Small upticks in crude oil spilled over into the vegetable oils.

The Canadian dollar was higher on Wednesday afternoon with the loonie at 72.39 U.S. cents compared to Tuesday's close of 72.23.

There were 73,406 contracts traded on Wednesday, compared to 86,757 on Tuesday. Spreading accounted for 53,990 contracts traded.

 
Prices are in Canadian dollars per metric ton: 
 
Canola     Price        Change 
 Jan       615.40       dn 4.50 
 Mar       626.80       dn 5.00 
 May       638.40       dn 5.50 
 Jul       645.80       dn 6.30 
 
Spread trade prices are in Canadian dollars and the volume represents the number of spreads: 
 
Months                  Prices                 Volume 
Jan/Mar       11.00 under to 12.10 under       20,017 
Jan/May       22.80 under to 24.00 under          467 
Jan/Jul       30.30 under to 31.60 under           12 
Jan/Nov       29.10 under to 30.60 under            2 
Mar/May       11.50 under to 12.30 under        4,837 
Mar/Jul       19.00 under to 20.10 under           37 
Mar/Nov       17.70 under to 18.30 under            4 
May/Jul        7.40 under to 8.10 under         1,025 
Jul/Nov        1.40 over to 0.40 over             594 
 

Source: Commodity News Service Canada, [e-mail]

(END) Dow Jones Newswires

12-10-25 1511ET