ICE Canola Finds New Depths
22/09/2025 (Market Screener), Manitoba - Canola futures on the Intercontinental Exchange continued their downturn Monday with the November contract falling to a six-month low.
Harvest pressure and China's tariffs on Canadian canola weighed on prices.
The Chicago soy complex was down sharply with soyoil losing nearly one U.S. cent per pound due to favorable Midwestern weather and no progress in trade between the U.S. and China.
European rapeseed and Malaysian palm oil also declined. Crude oil dropped as oversupply concerns outweighed political tensions in Eastern Europe and the Middle East.
On the first day of fall, the Prairies will see high temperatures in the low- to mid-20 degrees Celsius. Clear skies are expected with the exceptions of Saskatoon and Lethbridge.
The Canadian dollar was down less than one-tenth of a U.S. cent compared to Friday's close.
Nearly 17,400 contracts were traded.
https://www.marketscreener.com/news/ice-canola-finds-new-depths-ce7d58dfd188f620