Glacier FarmMedia — ICE canola futures were posting solid gains Friday morning, seeing a continuation of Thursday’s correction off five-month lows.
China’s Ministry of Commerce said Friday it would prolong its anti-dumping probe into Canadian canola for six months, with a final ruling now not expected until March 9, 2026. The extension raised some optimism that a deal could be reached, although preliminary Chinese duties of 75.8 per cent imposed on Canadian canola seed imports in August remain in place. A Canadian trade delegation, including Saskatchewan Premier Scott Moe and Prime Minister Mark Carney’s parliamentary secretary Kody Blois, is set to travel to China this weekend.
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Chicago soybeans and European rapeseed futures were higher, providing some underlying support. However, soyoil was softer and the Malaysian palm oil market was closed for a holiday.
Seasonal harvest pressure amid a lack of significant weather concerns remained a bearish influence in the background.
About 24,100 canola contracts had traded as of 8:48 CDT.
Prices in Canadian dollars per metric tonne at 8:48 CDT:
Canola Nov 627.20 up 7.00
Jan 638.70 up 6.60
Mar 649.20 up 5.80
May 658.80 up 5.40
To access the latest futures prices, go to https://www.producer.com/markets-futures-prices/
