Glacier FarmMedia – Canola futures on the Intercontinental Exchange showed strength on Thursday morning, despite a bearish report from Agriculture and Agri-Food Canada and mixed comparable oils.
In its monthly report released on Wednesday, AAFC raised its 2025-26 canola production estimate to 20.1 million tonnes compared to 17.8 million the previous month. Statistics Canada will release its model-based projections on Aug. 28.
Chicago soyoil and European rapeseed were up, but Malaysian palm oil was down. Crude oil was slightly higher due to a draw in United States stockpiles.
Central Alberta and central Saskatchewan will see cooler temperatures, rain and thunderstorms today. Southern Manitoba will see more rain and thunderstorms as well.
The Canadian dollar was down more than one-tenth of a U.S. cent compared to Wednesday’s close.
Nearly 9,300 contracts were traded. Prices in Canadian dollars per metric ton as of 8:39 CDT:
Nov 655.50 up 6.40
Jan 666.50 up 5.90
Mar 676.80 up 5.70
May 681.40 up 0.80
To access the latest futures prices, go to https://www.producer.com/markets-futures-prices/
