ICE Midday : Canola Holds Steady to Higher After StatCan Release

WINNIPEG, Manitoba--Canola futures on the Intercontinental Exchange remained steady to higher following the release of Statistics Canada's grain stocks report.

Canola stocks as of Dec. 31, 2025 totaled 15.62 million tonnes, compared to 13.23 million one year earlier and the five-year average of 12.61 million.

An analyst said he expects canola's rally to end soon with the absence of any fresh news. However, rising soybean prices, which he attributed to Chinese buying, may spill over into the Canadian oilseed.

Chicago soyoil and European rapeseed were higher, while Malaysian palm oil was down. Crude oil prices were up as the United States and Iran meet for peace talks in Oman today.

The Canadian dollar gained two-tenths of a U.S. cent compared to Thursday's close, limiting canola's upside.

About 39,300 canola contracts have traded at 10:10 CST. Prices in Canadian dollars per metric tonne:

 
           Price      Change 
Mar       664.70     up 1.70 
May       674.80     up 1.00 
Jul       681.30     up 0.10 
Nov       672.30     up 0.10 
 

Source: Commodity News Service Canada, [e-mail]

(END) Dow Jones Newswires

02-06-26 1145ET