ICE Review : Vegetable Oils Weakness Erodes Canola's Increases

WINNIPEG, Manitoba--Intercontinental Exchange canola futures were virtually unchanged on Thursday, unable to retain their gains from earlier in the session. Although canola tried to resume its post-harvest upward trend, pressure from losses in the Chicago soy complex and Malaysian palm oil proved to be too much to fend off. Slight upticks in MATIF rapeseed helped to temper the downturn, while small declines in crude oil weighed on the vegetable oils. China's absence from the Canadian canola exports continued to loom over the market. The January canola contract remained above its 20- and 50-day moving averages while its 100- and 200-day moving averages converged towards each other. The Canadian dollar slipped further back on Thursday afternoon with the loonie at 70.96 U.S. cents compared to Wednesday's close of 71.23. There were 39,056 contracts traded on Thursday, compared to 63,192 on Wednesday. Spreading accounted for 23,216 contracts traded. Prices are in Canadian dollars per metric tonne: Price Change Jan 650.20 dn 0.20 Mar 663.00 dn 0.10 May 673.00 up 0.10 Jul 678.10 up 0.10 Spread trade prices are in Canadian dollars and the volume represents the number of spreads: Months Prices Volume Jan/Mar 12.30 under to 13.00 under 7,043 Jan/May 22.20 under to 22.90 under 352 Jan/Jul 27.40 under to 27.90 under 23 Mar/May 9.70 under to 10.20 under 2,091 Mar/Jul 14.90 under to 15.70 under 233 May/Jul 4.80 under to 5.50 under 1,161 May/Nov 0.50 over to 0.30 over 2 Jul/Nov 13.50 over to 10.80 over 696 Nov/Jan 5.30 under to 6.80 under 7 Source: Commodity News Service Canada, news@marketsfarm.com (END) Dow Jones Newswires 11-20-25 1519ET