---
title: "ICE Review: Canola Shows Mixed Price Movement"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/288469176.md"
description: "Canola futures on the ICE showed mixed movement on Tuesday. July contracts gained modestly, while new crop contracts declined. Crude oil prices rose amid conflicting peace talk reports, but soyoil and rapeseed fell. An analyst warned El Niño could negatively impact Prairie crops later this summer. The Canadian dollar remained steady against Monday's close."
datetime: "2026-06-02T19:13:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288469176.md)
  - [en](https://longbridge.com/en/news/288469176.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288469176.md)
---

# ICE Review: Canola Shows Mixed Price Movement

WINNIPEG, Manitoba--Canola futures on the Intercontinental Exchange were mixed on Tuesday as the July contract made modest gains while new crop contracts were negative.

Crude oil prices were higher after early losses amid conflicting reports about the status of peace talks between the United States and Iran. However, Chicago soyoil and European rapeseed were lower while Malaysian palm oil did not trade due to a holiday.

An analyst warned that El Niño is becoming more likely to appear later this summer. He added it could negatively affect the conditions and development of Prairie crops months from now.

At mid-afternoon, the Canadian dollar was steady compared to Monday's close.

There were 66,457 canola contracts traded on Tuesday, compared to Monday when 69,948 contracts changed hands. Spreads accounted for 48,204 contracts in today's trade.

Settlement prices are in Canadian dollars per metric tonne.

             Price      Change  Jul       778.10     up 1.50  Nov       781.80     dn 4.50  Jan       789.10     dn 4.60  Mar       794.20     dn 4.90 

Spread trade prices are in Canadian dollars:

  Months    Prices                            Volume  Jul/Nov   3.40 under to 10.50 under         19,541  Jul/Jan   10.70 under to 16.70 under           448  Jul/Mar   15.90 under to 21.40 under            12  Nov/Jan   7.20 under to 8.10 under           3,003  Nov/Mar   12.40 under to 13.60 under            56  Nov/May   13.50 under to 14.60 under             7  Jan/Mar   5.00 under to 5.70 under             757  Mar/May   0.90 under to 1.40 under              68  Mar/Jul   1.10 over to 0.90 over                67  May/Jul   2.80 over to 2.00 over               123  Jul/Nov   56.00 over to 53.00 over              20   

Source: Commodity News Service Canada, news@marketsfarm.com

(END) Dow Jones Newswires

June 02, 2026 15:08 ET (19:08 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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