18/08/2026 (Alberta Farmer) - Canola futures on the Intercontinental Exchange were steady to higher to start the week amid mixed sentiment in comparable oils.

A deadline imposed by the United States and Iran to reach a deal to end the war between the two countries expired on Monday, resulting in some trepidation in the markets. Crude oil prices were slightly higher, while Chicago soyoil was up nearly one U.S. cent per pound. European rapeseed was down and Malaysian palm oil was mixed.

Daytime temperatures will be modest throughout the Prairies on Monday, while northern and central Alberta as well as southern Saskatchewan and southern Manitoba will see rain and a chance of thunderstorms.

The Canadian dollar was up one-tenth of a U.S. cent compared to Friday’s close.

Nearly 19,600 contracts were traded. Prices in Canadian dollars per metric ton as of 8:55 CDT:

Nov  819.40  up  0.50

Jan  828.10  unchanged

Mar  834.10  unchanged

May  838.00  up  2.70

https://www.albertafarmexpress.ca/market-update/ice-canola-showing-some-upside/