ICE canola weaker Friday morning

Glacier FarmMedia — ICE canola futures were weaker Friday morning, taking back most of Thursday’s gains.

• Soybean and soyoil futures in Chicago were down in early activity, accounting for some spillover selling pressure in canola. European rapeseed and Malaysian palm oil were also lower.
• Canada exported 289,200 tonnes of canola during the week ended Dec. 8, hitting the largest weekly total of the 2025/26 marketing year-to-date, according to Canadian Grain Commission data. However, the pace remains well off the year-ago level due to the absence of Chinese buying.
• End-user bargain hunting remained somewhat supportive, with wide crush margins thought to be encouraging demand from domestic processors.
• The Canadian dollar was firm in early trade, holding near its highest levels in three months relative to its United States counterpart.

About 18,300 canola contracts had traded as of 8:53 CST.

Prices in Canadian dollars per metric tonne at 8:53 CST: