Glacier FarmMedia — ICE canola futures were stronger Wednesday morning, finding spillover support from gains in outside markets.
- The Chicago soy complex, European rapeseed and Malaysian palm oil futures were higher.
- The reduction of Chinese tariffs on Canadian canola announced last week remained supportive.
- March canola was trading above most of its major moving averages, with speculative buying contributing to the gains. However, some technical indicators were looking overbought, which may limit the upside.
- Canola supplies also remain burdensome after farmers grew a record-large crop in 2025, with expectations for large ending stocks overhanging the market.
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ICE Canola Midday: Good spillover support from soybeans, soyoil
By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were higher on late Wednesday morning, gleaning spillover…
- About 17,000 canola contracts had traded as of 8:36 CST.
Prices in Canadian dollars per metric tonne at 8:36 CST:
Canola Mar 642.70 up 6.50
May 654.00 up 6.40
Jul 660.90 up 6.10
Nov 656.70 up 5.40
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