WINNIPEG -- Canola futures on the Intercontinental Exchange were lower on Friday despite rising comparable oils.

The meeting between United States Donald Trump and Chinese President Xi Jinping produced no progress towards the end of the Iran war and the re-opening of the Strait of Hormuz. As a result, crude oil prices were up US$1.50 to US$3.30 per barrel.

An analyst said weakness in the Chicago soy complex was putting pressure on canola, as well as speculative funds exiting canola ahead of the May long weekend. He added there is still support from a weaker Canadian dollar and delayed seeding across the Prairies.

Chicago soyoil was lower, but European rapeseed and Malaysian palm oil were higher.

The Canadian dollar was down two-tenths of a U.S. cent compared to Thursday's close.

There will be no canola trading on Monday due to Victoria Day.

About 32,600 canola contracts have traded at 10:20 CDT. Prices in Canadian dollars per metric tonne:

 
Price Change 
Jul 732.40 dn 3.60 
Nov 743.60 dn 4.00 
Jan 751.80 dn 3.60 
Mar 759.20 dn 2.20 
 

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

(END) Dow Jones Newswires

May 15, 2026 11:36 ET (15:36 GMT)

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