By Glen Hallick
Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were higher on Monday morning, turning around from Friday’s losses.
Support for canola came from gains in MATIF rapeseed as well as Chicago soybeans and soymeal, but soyoil was virtually unchanged. Declines in crude oil put pressure on the vegetable oils. The palm oil market in Malaysia is closed for a holiday.
Agriculture and Agri-Food Canada issued its monthly supply and demand report on Friday. AAFC maintained its 2025/26 canola estimates from September, with production at 20.03 million tonnes, exports at seven million, domestic use of 12.23 million and ending stocks at 2.50 million.
Read Also
North American Grain/Oilseed Review: Canola mixed, most U.S. grains higher
Glacier FarmMedia — Canola futures on the Intercontinental Exchange on Monday were lower in the nearby contracts and higher in…
The Canadian Grain Commission reported last week there have been no quality concerns with the canola harvest, with 97 per cent of the crop getting a top rating.
Issues with canola exports to China continued to hover in the background, with no movement between Ottawa and Beijing.
The Canadian dollar dipped Monday morning, with the loonie at 71.20 U.S. cents, compared to Friday’s close of 71.25.
Approximately 10,100 contracts were traded by 8:36 CDT and prices in Canadian dollars per metric tonne were:
Price Change
Canola Nov 621.30 up 5.10
Jan 635.90 up 5.60
Mar 646.40 up 5.90
May 655.60 up 6.10
To access the latest futures prices, go to https://www.producer.com/markets-futures-prices/
