ICE Close: Canola Up on Stronger Crude, Weaker Loonie 

Market news
September 14, 2026


Canola futures finished higher on Monday, supported by sharply higher crude oil prices and a weaker Canadian dollar.  

Crude oil rallied as Middle East tensions intensified following attacks on Saudi energy infrastructure and shipping, providing spillover support to oilseeds tied to renewable fuel markets. Chicago soybeans and soyoil were also firmer, adding to the positive tone in canola.  

The softer Canadian dollar provided another boost by making canola more competitive for export buyers. The loonie fell to its weakest level in nearly two weeks on Monday.  

Statistics Canada is set to release its first 2026 crop production estimates on Wednesday. 

November canola gained $5.80 to $822.80, and January was $7.20 higher at $834.10. 

Source: DePutter Publishing Ltd.

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