<div id="readability-page-1"><div>WINNIPEG, Manitoba--Canola futures on the Intercontinental Exchange finally found strength on Monday after a lengthy downturn that lasted for most of December. An analyst said canola's bounce back may be the result of lighter trading going into the holiday season. Crude oil gained more than US$1 per barrel on Monday after the White House announced the seizure of a Venezuelan oil tanker on the weekend while also pursuing another. The higher prices were also supportive for vegetable oils. Chicago soyoil, European rapeseed and Malaysian palm oil moved upward. At mid-afternoon, the Canadian dollar gained three-tenths of a U.S. cent compared to Friday's close. There were 73,279 canola contracts traded on Monday, compared to Friday when 55,160 contracts changed hands. Spreading accounted for 45,944 of the contracts traded. <pre> Settlement prices are in Canadian dollars per metric ton. Canola Price Change Jan 601.60 up 20.00 Mar 612.50 up 19.50 May 623.70 up 18.40 Jul 632.60 up 18.50 Spread trade prices are in Canadian dollars and the volume represents the number of spreads: Months Prices Volume Jan/Mar 10.60 under to 12.30 under 10,372 Jan/May 21.50 under to 23.50 under 116 Mar/May 10.60 under to 12.10 under 6,118 Mar/Jul 19.10 under to 21.20 under 783 Mar/Nov 19.90 under to 22.60 under 115 May/Jul 8.10 under to 9.30 under 4,051 May/Nov 8.50 under to 12.30 under 9 May/Jan 14.30 under to 17.80 under 9 Jul/Nov 3.60 under to 4.30 under 1,358 Nov/Jan 5.60 under to 6.10 under 41 </pre> Source: Commodity News Service Canada, news@marketsfarm.com (END) Dow Jones Newswires12-22-25 1521ET</div></div>

Canola futures on the Intercontinental Exchange surged on Monday after a prolonged downturn. The rise is attributed to lighter trading ahead of the holiday season and higher crude oil prices following the seizure of a Venezuelan oil tanker. Chicago soyoil, European rapeseed, and Malaysian palm oil also saw gains. The Canadian dollar strengthened slightly. Canola contract trading increased significantly, with settlement prices rising across various months.

ICE Review : Canola Surges to End Downturn