WINNIPEG, Manitoba--Intercontinental Exchange canola futures on Thursday gave up a good chunk of the gains made Wednesday, as comparable oils stepped back. So far this week, canola has been up one day and down the next.
Crude oil reversed course on Thursday, from tracking a little higher to posting modest declines. Chicago soybeans and soyoil fell further back while soymeal pushed higher. Declines in Malaysian palm oil and European rapeseed also spilled over into canola.
An analyst said today's session took "a breather" from canola's general upswing.
With today's losses November canola contract pulled with in C$22 of its 50-day moving average.
Saskatchewan reported its canola rated 76 per cent good to excellent.
The Canadian dollar was virtually unchanged on Thursday afternoon, with the loonie at 71.16 U.S. cents.
There were 47,471 canola contracts traded on Thursday, compared to 50,122 on Wednesday. Spreading accounted for 24,892 contracts traded. Prices are in Canadian dollars per metric tonne: Price Change
Price Change
Nov 783.50 dn 8.90
Jan 792.20 dn 9.20
Mar 797.40 dn 8.60
May 798.20 dn 8.30
Spread trade prices are in Canadian dollars and the volume represents the number of spreads:
Months Prices Volume Nov/Jan 7.70 under to 9.20 under 5,281 Nov/Mar 11.60 under to 14.50 under 439 Nov/May 13.50 under 2 Nov/Jul 13.50 under to 13.80 under 5 Jan/Mar 3.50 under to 5.50 under 4,698 Jan/May 2.40 under to 5.80 under 75 Jan/Jul zero to 1.10 under 21 Mar/May 2.00 over to 1.10 under 1,300 Mar/Jul 4.00 over 3 Mar/Nov 63.20 over to 62.10 over 6 May/Jul 5.40 over to 3.10 over 576 Jul/Nov 61.00 over to 57.00 over 40
Source: Commodity News Service Canada, news@marketsfarm.com
(END) Dow Jones Newswires
July 16, 2026 14:53 ET (18:53 GMT)
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