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Canola plant

Canola

ICE: Where the benchmark price is determined

ICE Canola futures represent the global benchmark price for Canola seed, also known as Rapeseed. Canola futures and options offer critical hedging tools to manage the price of Canola.

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Trading canola


Canola plant

Canola seed futures began trading in Winnipeg in 1963 on the Winnipeg Commodity Exchange, now part of ICE. Options on canola futures were introduced in 1991.

Futures and options are used by the domestic and global oilseeds industries to price and hedge transactions. Canola competes with palm oil, soybean oil, sunseed oil and other vegetable oils in the traditional foodstuffs market and in the emerging biodiesel market.

As is the case with the ICE Sugar No. 11 contract, canola traders monitor food and energy markets simultaneously. Because this commodity is priced in Canadian dollars (CAD) per metric tonne, canola traders may be exposed to a currency trade in addition to food and energy trades.

Explore all our canola product guides for product specs, contract sizes, trading hours, expiry details, margin rates and more.

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Deliveries, rules & regulations

Exchange & clearing fees