Canola on ICE Extends Losses as Weaker Oil and Farmer Selling Weigh
Canola futures on ICE ended the weekend lower, pressured by softer comparable oil prices and farmer sales, according to Dow Jones Newswires market review.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
Canola futures on the Intercontinental Exchange closed the weekend lower, weighed down by softer prices in comparable oils and selling from farmers, Dow Jones Newswires reported. Crude oil turned negative after the United States removed sanctions on Russian oil, though the conflicts in Ukraine and the Middle East are still ongoing. Chicago soyoil and European rapeseed also declined on Monday, while Malaysian palm oil rose after drought on Indonesia's Kapuas River disrupted shipping.
Statistics Canada said the country's annual inflation rate was 3.1% in September, up from 3.0% in August. Alberta's canola harvest was 74% complete as of October 13. By mid-afternoon the Canadian dollar had gained almost three-tenths of a U.S. cent from Friday's close. Canola trading totaled 99,595 contracts on Monday versus 113,995 on Friday, with spreads accounting for 63,052 contracts.
why it matters
Weakness in related commodities and steady farmer selling are pressuring canola prices. Traders also watch the Canadian dollar and Canadian inflation data, which feed into expectations for monetary policy and the value of exported raw materials.
market impact
Canola and oilseeds: weaker oil and vegetable oil prices pressure ICE canola futures
tags
instruments
sources
- ICE Closing Review: Canola Resumes Downturn — Dow Jones Newswires, 19 October 2026 at 19:13 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗