Glacier FarmMedia — ICE canola futures were weaker Monday morning, as sharp losses in crude oil spilled into the oilseed markets.
- Brent crude oil was down by nearly $10 per barrel, while West Texas Intermediate crude oil lost roughly eight dollars, as energy markets reacted to the latest developments out of the Middle East. United States President Donald Trump announced he would postpone any military strikes against Iranian power plants for five days after what he described as “productive conversations” on ending hostilities. Iran denied any official talks.
- Chicago soyoil and European rapeseed futures were also lower, while the Malaysian palm oil market remained closed for holidays.
- Speculative fund traders added to their growing bullish bets in canola futures during the week ended March 17, posting a net long position of 110,658 contracts, according to the latest Commitments of Traders report. That marked the largest net long since July 2025.
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ICE Canola Midday: Guided by weakness in comparable oils
By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were sharply lower mid-session Monday, due to weakness…
- About 30,200 canola contracts had traded as of 8:47 CDT.
Prices in Canadian dollars per metric tonne at 8:47 CDT:
Canola May 715.40 dn 11.10
Jul 727.90 dn 11.50
Nov 720.70 dn 11.10
Jan 725.40 dn 10.10
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