---
title: "ICE Canola Uptrend Continues Thursday"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293645170.md"
description: "ICE Futures canola contracts rose midday Thursday, driven by crude oil gains from Middle East tensions and supply concerns due to weather issues in the Prairies. The November contract gained C$7.30 to C$829.90/tonne, though profit-taking limited upside. Other oilseeds also advanced."
datetime: "2026-07-23T16:17:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293645170.md)
  - [en](https://longbridge.com/en/news/293645170.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293645170.md)
generator: "portal-rs"
---

# ICE Canola Uptrend Continues Thursday

WINNIPEG, Manitoba--ICE Futures canola contracts remained pointed higher at midday Thursday, although values were off their session highs.

Gains in crude oil spilled into the oilseed markets, as the conflict in the Middle East expanded to the Red Sea. 

Chicago soyoil, European rapeseed and Malaysian palm oil were up on the day. 

Production uncertainty in parts of the Prairies and the need to keep a weather premium in the market provided additional support. Excessive moisture earlier in the growing season led into the abandonment of some acres and disease issues in others, while nearby forecasts have turned hot and dry in many areas. 

The November canola contract was up by C$7.30 per tonne at C$829.90 at midday. The contract hit a session high of C$837.60 per tonne, but speculative profit-taking and scale- up farmer selling tempered the upside. 

An estimated 48,900 canola contracts traded as of 11:36 EDT. 

Prices in Canadian dollars per metric tonne at 11:36 EDT: 

             Price      Change  Nov       829.90     up 7.30  Jan       839.90     up 7.40  Mar       845.00     up 5.90  May       845.40     up 3.80   

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

(END) Dow Jones Newswires

July 23, 2026 12:07 ET (16:07 GMT)

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

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**