WINNIPEG, Manitoba--ICE Futures canola contracts were stronger at midday Wednesday, underpinned by solid end user demand.
Gains in Chicago soybeans provided additional spillover support, although soyoil and crude oil were lower on the day.
The United States Department of Agriculture releases updated supply/demand estimates at 12:00 EDT, including the first survey-based production estimates for the 2026-27 crop. Any surprises in the data will likely set the tone for the futures in the final hours of trade.
A lack of significant weather concerns across the Prairies tempered the upside.
November canola was up $5.30 at C$786.30 per tonne at midsession, trading just below its 20-day moving average.
