ICE Review: Canola Finds a Pathway Upward

Dow Jones06-24

WINNIPEG, Manitoba--Canola futures on the Intercontinental Exchange were higher on Tuesday, overcoming weakness in most comparable oils.

Chicago soyoil and Malaysian palm oil were in the red, but European rapeseed was higher. Crude oil declined slightly after the United States rolled back sanctions on Iranian oil.

An analyst said the canola and soybean markets were due for upward corrections. The analyst added that canola was "regaining traction" after a previous selloff. He added the grain and oilseed markets were waiting for June 30, when Statistics Canada and the U.S. Department of Agriculture release their respective planted area reports.

At mid-afternoon, the Canadian dollar was down one-quarter of a U.S. cent compared to Monday's close.

There were 55,273 canola contracts traded on Tuesday, compared to Monday when 67,020 contracts changed hands. Spreads accounted for 26,320 contracts in today's trade.

Settlement prices are in Canadian dollars per metric tonne.

 
           Price      Change 
Jul       737.70     up 2.40 
Nov       748.80     up 4.70 
Jan       757.20     up 5.50 
Mar       763.20     up 6.10

Spread trade prices are in Canadian dollars:

 
Months    Prices                            Volume 
Jul/Nov   9.30 under to 11.50 under          6,624 
Jul/Jan   17.60 under to 19.90 under            21 
Nov/Jan   7.60 under to 8.50 under           4,472 
Nov/Mar   13.50 under to 14.40 under           576 
Nov/May   16.30 under to 16.80 under             2 
Jan/Mar   5.30 under to 6.10 under           1,320 
Jan/May   7.90 under to 8.40 under              10 
Jan/Jul   4.80 under to 6.10 under               2 
Mar/May   1.70 under to 2.40 under              87 
May/Jul   3.00 over to 2.30 over                33 
May/Nov   50.60 over to 49.20 over               6 
Jul/Nov   48.10 over to 46.90 over               7

Source: Commodity News Service Canada, news@marketsfarm.com

(END) Dow Jones Newswires

June 23, 2026 14:55 ET (18:55 GMT)

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ICE Review: Canola Finds a Pathway Upward

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