{"id":947354,"date":"2026-10-26T21:18:21","date_gmt":"2026-10-26T21:18:21","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/947354\/"},"modified":"2026-10-26T21:18:21","modified_gmt":"2026-10-26T21:18:21","slug":"ice-canola-midday-declines-shrinking","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/947354\/","title":{"rendered":"ICE Canola Midday: Declines shrinking"},"content":{"rendered":"<p>Intercontinental Exchange canola futures were mostly lower late Monday morning, but coming away from larger declines earlier in the session.<\/p>\n<p>Brazil election<\/p>\n<p>An analyst said the outcome of the Brazil presidential election is weighing on the Chicago soy complex. The analyst said with the re-election of <a href=\"https:\/\/www.agcanada.com\/market-update\/global-markets-trump-muses-about-end-to-trade-war\" rel=\"nofollow noopener\" target=\"_blank\">President Lula<\/a> resulted in the Brazilian real dropping about 10 per cent in value this morning, making that country\u2019s soybeans more appealing.<\/p>\n<p>Canola harvest<\/p>\n<p>The analyst also said harvest pressure was still being felt in the canola market.<\/p>\n<p>The Alberta crop report placed the <a href=\"https:\/\/open.alberta.ca\/dataset\/9af5b54d-f334-46ca-a0b1-23e560edb353\/resource\/c3d51ba5-2e96-4b15-a597-1b991c1f7c63\/download\/agi-tedab-alberta-crop-report-2026-10-20.pdf\" rel=\"nofollow noopener\" target=\"_blank\">canola harvest<\/a> at 86 per cent complete. Although that\u2019s up 12 points from the previous report, canola is least harvest crop in the province.<\/p>\n<p>Comparable oils<\/p>\n<p>Efforts to get the United States and Iran back to the negotiating table saw crude oil values drop. That pressure weighed on canola, as well as Chicago soy and Malaysian palm oil. European rapeseed was steady to higher.<\/p>\n<p>Weather<\/p>\n<p>Prairie skies are to be clear on Monday, with <a href=\"https:\/\/www.agcanada.com\/daily\/prairie-forecast-oct-21-2026-arctic-air\" rel=\"nofollow noopener\" target=\"_blank\">temperatures<\/a> mostly in the mid to high single digits Celsius. Depending on the location, rain or snow is expected across the region on Tuesday.<\/p>\n<p>Canola deliveries<\/p>\n<p>Statistics Canada reported <a href=\"https:\/\/www150.statcan.gc.ca\/t1\/tbl1\/en\/cv.action?pid=3210035101\" rel=\"nofollow noopener\" target=\"_blank\">September canola deliveries<\/a> at 2.75 million tonnes compared to 1.92 million a year ago.<\/p>\n<p>Loonie<\/p>\n<p>The Canadian dollar was stepping back late Monday morning with the loonie at 71.23 U.S. cents, compared to Friday\u2019s close of 71.46.<\/p>\n<p>Contracts<\/p>\n<p>Approximately 48,350 canola contracts were traded as of 10:25 a.m. CDT.<\/p>\n<p>Midday Prices: Oct. 26, 2026<\/p>\n<p>\u00a0<br \/>\nC$\/tonne<\/p>\n<p>ICE Canola<br \/>\nNov<br \/>\n777.70<br \/>\n-1.10<\/p>\n<p>ICE Canola<br \/>\nJan<br \/>\n791.20<br \/>\n-1.40<\/p>\n<p>ICE Canola<br \/>\nMar<br \/>\n803.60<br \/>\n-0.90<\/p>\n<p>ICE Canola<br \/>\nMay<br \/>\n812.70<br \/>\n0.20<\/p>\n<p>\u00a0<br \/>\nU.S. cents\/bushel<\/p>\n<p>MGEX Spring Wheat<br \/>\nDec<br \/>\n632.50<br \/>\n-9.00<\/p>\n<p>KC Hard Red Wheat<br \/>\nDec<br \/>\n655.50<br \/>\n-9.00<\/p>\n<p>Chicago Soft Wheat<br \/>\nDec<br \/>\n614.00<br \/>\n-11.00<\/p>\n<p>CBOT Corn<br \/>\nDec<br \/>\n454.25<br \/>\n-1.75<\/p>\n<p>CBOT Oats<br \/>\nDec<br \/>\n367.50<br \/>\n-4.50<\/p>\n<p>CBOT Soybeans<br \/>\nNov<br \/>\n1236.75<br \/>\n-19.75<\/p>\n<p>CBOT Soybeans<br \/>\nJan<br \/>\n1248.25<br \/>\n-20.25<\/p>\n<p>CBOT Soybean Oil*<br \/>\nDec<br \/>\n66.18<br \/>\n-0.65<\/p>\n<p>CBOT Soybean Meal*<br \/>\nDec<br \/>\n339.50<br \/>\n-6.60<\/p>\n<p>*soyoil in cents\/pound, soymeal in US$\/ton<\/p>\n<p><a>To access the latest futures prices, go to <\/a><a href=\"https:\/\/can01.safelinks.protection.outlook.com\/?url=https%3A%2F%2Fwww.producer.com%2Fmarkets-futures-prices%2F&amp;data=05%7C02%7Cghallick%40farmmedia.com%7C02e9f6c7de6144c5dc9108ddbed6f88d%7C5a6f30998a9543e9a941e2c7022c9f11%7C1%7C0%7C638876552696822385%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=Vhl7IKMD%2BWnwD0SlTj5FM5Q9FOLpjsvIXvujfS2NEiY%3D&amp;reserved=0\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">https:\/\/www.producer.com\/markets-futures-prices\/<\/a>.<\/p>\n<p>Stay informed with our daily market videos.\u00a0Each video quickly covers key futures moves, price trends, and market signals that matter to Canadian farmers. Get clear, timely insights in just a few minutes. Bookmark\u00a0<a href=\"https:\/\/can01.safelinks.protection.outlook.com\/?url=https%3A%2F%2Fwww.producer.com%2Fmarkets-futures-prices%2Fvideos&amp;data=05%7C02%7Cghallick%40farmmedia.com%7Ce980f60ce8f9408cc09408de30ea5ce3%7C5a6f30998a9543e9a941e2c7022c9f11%7C1%7C0%7C639001980319056074%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=bTaSrd8PJJBYNxZTAB%2B2RsdiedMfJHAomFcjpqcTWY0%3D&amp;reserved=0\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">https:\/\/www.producer.com\/markets-futures-prices\/videos<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Intercontinental Exchange canola futures were mostly lower late Monday morning, but coming away from larger declines earlier in&hellip;\n","protected":false},"author":2,"featured_media":947355,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46],"class_list":["post-947354","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-ca","tag-canada","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/947354","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=947354"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/947354\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/947355"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=947354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=947354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=947354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}