ICE Review : Weakness in Canola Ahead of Weekend

WINNIPEG, Manitoba--Intercontinental Exchange canola futures fell back on Friday, as the recent rally turns into rangebound trading.

An analyst said that without any fresh news canola has "no appetite to go higher."

Today's losses saw the January canola contract slip behind its 20-day moving average, but it remained above the 50-day average.

Added to that, weakness in Chicago soyoil, MATIF rapeseed and Malaysian palm oil put pressure on canola. Increases in Chicago soybeans and soymeal tried to temper the declines. Losses in crude oil weighed on vegetable oil values.

There was some good news for canola, as the Canadian Grain Commission reported the oilseed's exports for the week ended Nov. 16 improved more than 57% at a marketing-year high of 284,600 tons. However, the year-to-date for 2025/26 of 1.83 million tons is slightly more than the year ago exports.

The Canadian dollar was a pinch lower on Friday afternoon with the loonie at 70.95 U.S. cents compared to Thursday's close of 71.02.

There were 38,768 contracts traded on Friday, compared to 39,056 on Thursday. Spreading accounted for 24,562 contracts traded.

 
Prices are in Canadian dollars per metric ton: 
 
Canola  Price      Change 
Jan     641.10    dn  9.10 
Mar     653.70    dn  9.30 
May     664.40    dn  8.60 
Jul     670.70    dn  7.40 
 
Spread trade prices are in Canadian dollars and the volume represents the number of spreads: 
 
Months             Prices             Volume 
Jan/Mar  12.20 under to 12.90 under    7,516 
Jan/May  22.00 under to 23.60 under      146 
Mar/May   9.50 under to 10.80 under    2,688 
Mar/Jul  14.70 under to 17.00 under      172 
Mar/Nov  10.20 under to 11.60 under        9 
May/Jul   4.90 under to 6.40 under       993 
Jul/Nov  11.10 over to 4.10 over         757 
 

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

(END) Dow Jones Newswires

11-21-25 1539ET