ICE Canola Midday: Resuming Seasonal Trend Upward

MorningStar
2025.11.20 17:20
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ICE canola futures showed small increases on Thursday morning, following the seasonal trend post-harvest. An analyst noted canola is trying to catch up to Chicago soybeans' gains last month, but China's tariffs on Canadian canola limit the upside. Chicago soy complex and Malaysian palm oil declined, while MATIF rapeseed was steady to higher. Crude oil upticks supported vegetable oils. January canola contract stayed above its 20- and 50-day moving averages. The Canadian dollar slid to 71.02 U.S. cents. Approximately 21,850 canola contracts were traded by 11:43 am EST.

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