WINNIPEG, Manitoba--Intercontinental Exchange canola futures were weaker, pulled down by sharp declines in crude oil, Chicago soyoil and MATIF rapeseed.
With hopes for the U.S. and Iran to return to the bargaining table this weekend, crude oil fell back Friday, putting pressure on the vegetable oils. Malaysian palm oil was also down, but Chicago soybeans managed small increases.
An analyst said caution is necessary in the current market until the situation in the Middle East is clearer.
The July contract slid below its 50-day moving average but remained well ahead of its other technical levels.
Agriculture and Agri-Food Canada issued its April supply and demand estimates, and canola production for 2026-27 remains at 19.2 million metric tons and ending stocks at 1.06 million tons.
Canola exports for the week ended April 12 were relatively steady at about 284,000 tons, the Canadian Grain Commission reported. That brought the cumulative exports to nearly 5.9 million tons, about 1.5 million tons behind last year's pace.
The Canadian dollar was higher at 73.11 U.S. cents, compared to Thursday's close of 72.94.
There were 86,753 canola contracts traded on Friday, compared to 82,503 on Thursday. Spreading accounted for 54,540 contracts traded.
Prices are in Canadian dollars per metric ton:
Contracts Price Change May 697.40 dn 12.50 Jul 712.00 dn 12.30 Nov 711.60 dn 11.20 Jan 718.60 dn 11.20
Spread trade prices are in Canadian dollars and the volume represents the number of spreads:
Contracts Prices Volume May/Jul 13.80 under to 14.70 under 16,684 May/Nov 13.30 under to 15.30 under 759 May/Jan 20.70 under to 21.50 under 60 Jul/Nov 1.50 over to 0.90 under 8,120 Jul/Jan 6.00 under to 7.80 under 166 Jul/Mar 11.80 under 7 Nov/Jan 6.80 under to 7.30 under 1,331 Jan/Mar 5.00 under to 5.30 under 78 Mar/May 1.50 under to 2.00 under 15 Mar/Jul 2.00 under to 2.20 under 25 May/Jul 0.40 under to 0.60 under 16 Jul/Nov 30.20 over to 26.00 over 9
Source: MarketsFarm, news@marketsfarm.com
(END) Dow Jones Newswires
04-17-26 1531ET
