ICE canola returns to the red

Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange are slightly lower on Thursday as a stronger Canadian dollar is putting pressure on the oilseed.

The loonie is up more than four-tenths of a United States cent compared to Wednesday’s close, as the U.S. Dollar Index fell to its lowest level in three years.

Chicago soyoil and Malaysian palm oil are higher, while European rapeseed is lower. Crude oil is making modest gains as optimism remains that the ceasefire between Israel and Iran will hold.

The latest estimates for the 2025-26 Canadian canola crop will be released in Statistics Canada’s principal field crop report on Friday.

Nearly 18,500 contracts were traded. Prices in Canadian dollars per metric ton as of 8:39 CDT:

Jul  695.50  dn  2.30

Nov  712.00  dn  2.60

Jan  720.60  dn  2.40

Mar  727.90  dn  1.50