---
title: "ICE Review: Canola Climbs Higher Monday"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291839768.md"
description: "ICE Futures canola prices rose sharply on Monday, driven by higher Chicago soy complex, European rapeseed, and Malaysian palm oil futures. Weather concerns in Canada and the US supported gains, while a weaker Canadian dollar added momentum. November canola broke above its 20-day moving average, spurring speculative buying. Trading volume surged to 66,686 contracts from Friday's 11,919."
datetime: "2026-07-06T20:09:12.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291839768.md)
  - [en](https://longbridge.com/en/news/291839768.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291839768.md)
---

# ICE Review: Canola Climbs Higher Monday

WINNIPEG, Manitoba--The ICE Futures canola market settled sharply higher on Monday, taking some direction from the Chicago soy complex.

\- Chicago soyoil, European rapeseed and Malaysian palm oil futures were all higher to start the week.

\- North American weather concerns contributed to the gains, with parts of the Canadian Prairies dealing with excess moisture, while a heatwave stressed crops in the Midwestern United States.

\- November canola jumped above its 20-day moving average for the first time in three weeks, encouraging additional speculative buying.

\- A softer tone in the Canadian dollar was also supportive.

\- There were 66,686 contracts traded on Monday, which compares with Friday when 11,919 contracts changed hands.

Spreading accounted for 30,626 of the contracts traded.

Settlement prices in Canadian dollars per metric tonne.

             Price      Change  Nov       757.20    up 17.50  Jan       766.10    up 18.30  Mar       771.30    up 17.40  May       772.60    up 16.40 

Spread trade prices are in Canadian dollars and the volume represents the number of spreads:

  Months    Prices                            Volume  Nov/Jan   6.60 under to 9.00 under          10,387  Nov/Mar   11.00 under to 14.20 under           125  Nov/May   11.40 under to 15.40 under             8  Nov/Jul   12.60 under to 13.50 under             4  Nov/Nov   32.50 over to 28.40 over               1  Jan/Mar   4.10 under to 6.00 under           3,213  Jan/May   4.50 under to 6.50 under              45  Mar/May   0.10 under to 2.20 under           1,342  Mar/Jul   1.00 over to 0.60 over                10  May/Jul   3.00 over to 1.50 over               132  Jul/Nov   44.90 over to 39.90 over              46   

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

(END) Dow Jones Newswires

July 06, 2026 15:54 ET (19:54 GMT)

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

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