ICE Closing Review: Canola deeper in the red

Dow Jones12-06 04:00

WINNIPEG, Manitoba -- Canola futures on the Intercontinental Exchange were down on Friday, with the January contract falling to its lowest level in three months, below its major moving averages and its psychological price level of C$620 per tonne.

Statistics Canada released its principal field crop estimates on Thursday, projecting this year's canola crop at a record 21.8 million tonnes. However, an analyst said that figure may be understated.

Chicago soyoil was down while European rapeseed and Malaysian palm oil were higher. Crude oil also moved up as Russia-Ukraine peace talks stalled and tensions grew between the United States and Venezuela.

At mid-afternoon, the Canadian dollar was up six-tenths of a U.S. cent compared to Thursday's close.

There were 88,468 canola contracts traded on Friday, compared to Thursday when 93,401 contracts changed hands. Spreading accounted for 63,634 of the contracts traded.

Settlement prices are in Canadian dollars per metric tonne.

 
Jan 617.90 dn 7.10 
 
Mar 631.10 dn 8.10 
 
May 643.80 dn 8.20 
 
Jul 652.40 dn 7.80

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

Jan/Mar 13.10 under to 14.20 under 18,912 
 
Jan/May 25.80 under to 26.90 under 1,141 
 
Jan/Jul 34.50 under to 35.60 under 369 
 
Jan/Nov 32.90 under to 34.20 under 20 
 
Mar/May 12.30 under to 13.20 under 6,976 
 
Mar/Jul 20.30 under to 21.80 under 116 
 
Mar/Nov 20.50 under to 21.50 under 27 
 
May/Jul 7.50 under to 8.90 under 2,314 
 
Jul/Nov 3.00 over 1,936 
 
Nov/Jan 5.40 under to 5.70 under 5 
 
Jan/Mar 1.50 under to 1.70 under 1

Source: MarketsFarm (Adam Peleshaty, news@marketsfarm.com, 204-414-9084)

(END) Dow Jones Newswires

December 05, 2025 15:00 ET (20:00 GMT)

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ICE Closing Review: Canola deeper in the red

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