ICE Close: Canola Ends Lower after Choppy Day

Oct 14, 2022

Canola futures were weaker at Friday’s close, after trading to both sides of unchanged in choppy activity.

Losses in the Chicago soy complex accounted for some spillover selling pressure in the canola market, with solid farmer deliveries into the commercial pipeline another bearish influence. Just over 600,000 tonnes of canola were delivered into the commercial pipeline during the week ended Oct. 9, according to the latest Canadian Grain Commission report. Visible supplies increased to 1.43 million tonnes, from 1.24 million the previous week.

However, canola remains cheap compared to other oilseeds, with wide crush margins keeping end users on the buy side. Weakness in the Canadian dollar was also supportive.

November canola was down $8.10 at $862.30, January fell $8.60 to $869.10, and March lost $9.20 to $875.10.

Source : Syngenta.ca

Video: Midwest Weather Shock: Flash Drought Turns Into Heavy Rain Threat This Week (2026 Forecast)

A rapidly changing Midwest weather pattern is unfolding in 2026 as areas that recently slipped into abnormal dryness and flash drought conditions are now facing the threat of heavy rain and repeated storm systems.

After a wet spring erased early drought conditions, regions across Illinois, Iowa, Wisconsin, Minnesota, and northern Missouri have quickly dried out again since mid-to-late May. Soil moisture is dropping fast, and crops like corn and soybeans are beginning to feel the stress of rising temperatures and lack of consistent rainfall. Now, weather models show a major shift.

A developing system moving in from the Northern Plains is expected to bring multiple rounds of showers and thunderstorms, with the potential for locally heavy rainfall across the Midwest. While some areas may miss out, others could finally see much-needed relief from the growing dryness. In this video, we break down:

Current drought conditions across the Midwest

Why a flash drought is developing quickly

Timing and path of incoming storm systems

Which states are most likely to see heavy rain

How long this wet pattern could last

Will this rain end the drought or create new flooding risks? Watch the full forecast to find out.