WINNIPEG, Manitoba--The ICE Futures canola market was narrowly mixed at Friday's close. Large old crop supplies weighed on the front month, while seeding delays in parts of the Prairies and gains in the Chicago soy complex underpinned the new crop contracts.
- European rapeseed and Malaysian palm oil futures were also higher, although crude oil turned mixed after early gains.
- Chart-based positioning was a feature, with the July contract settling just above its 20-day moving average.
- Agriculture and Agri-Food Canada raised their canola ending stocks projection for 2026-27 to 1.319 million tonnes from 1.064 million the previous month. The 2025-26 canola carryout forecast tightened by 45,000 tonnes in the report released May 21, at 2.720 million tonnes.
- Canada exported 247,500 tonnes of canola during the week ended May 17, which was up from 161,400 tonnes the previous week, according to the latest Canadian Grain Commission data.
