ICE Review: Canola Falls to End the Week

Dow Jones06-13

WINNIPEG, Manitoba--The ICE Futures canola market was weaker on Friday, falling in sympathy with crude oil and world vegetable oil markets.

- Optimism over the latest peace negotiations in the Middle East weighed on crude oil, which was down by over three per cent.

- Chicago soyoil, European rapeseed and Malaysian palm oil futures were all lower on the day.

- Chart-based positioning ahead of the weekend was a feature, as canola fell below nearby support levels and speculative selling built on itself.

- Weekly Canadian canola exports of 117,800 tonnes were down from 252,300 tonnes the previous week and the lowest in 13 weeks, reported the Canadian Grain Commission. Crop year- to-date exports hit 7.55 million tonnes, which compares with 8.68 million tonnes at the same point the previous year.

- There were 64,384 contracts traded on Friday, which compares with Thursday when 59,703 contracts changed hands.

Spreading accounted for 41,738 of the contracts traded.

Settlement prices in Canadian dollars per metric tonne.

 
           Price      Change 
Jul       757.20     dn 7.50 
Nov       765.90     dn 7.10 
Jan       774.20     dn 7.00 
Mar       780.10     dn 7.10

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

 
Months    Prices                            Volume 
Jul/Nov   8.20 under to 9.10 under          14,922 
Jul/Jan   16.70 under to 17.30 under         1,002 
Nov/Jan   7.80 under to 8.50 under           3,018 
Nov/Mar   13.40 under to 14.30 under           157 
Nov/May   16.20 under to 17.20 under            23 
Jan/Mar   5.30 under to 6.10 under           1,310 
Mar/May   2.10 under to 2.90 under             316 
Mar/Jul   0.20 over to 0.40 under               57 
May/Jul   3.20 over to 2.30 over                64

Source: Commodity News Service Canada, news@marketsfarm.com

(END) Dow Jones Newswires

June 12, 2026 15:53 ET (19:53 GMT)

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ICE Review: Canola Falls to End the Week

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