ICE canola still in the red

Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange remain in negative territory Wednesday morning, following weakness in vegetable oils.

Chicago soyoil, European rapeseed and Malaysian palm oil are in the red. Crude oil is making its way higher as the Israel-Iran ceasefire remains in place.

The Canadian dollar is down more than one-tenth of a United States cent compared to Tuesday’s close.

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

Nearly 18,200 contracts were traded. Prices in Canadian dollars per metric ton as of 8:36 CDT:

Jul  689.80  dn  3.60

Nov  703.00  dn  3.20

Jan  711.60  dn  3.00

Mar  717.70  dn  3.60