ICE canola futures rise on tariffs delay relief

All figures in Canadian dollars unless noted

WINNIPEG, Manitoba - Feb 26 (Reuters) - ICE canola futures embraced news Wednesday that Donald Trump might again delay tariffs on Canadian products.

• May canola RSK5 settled up $7.40 at $664.40 per metric ton. Gains were lower in November 2025 RSX5 to March 2026 RSH6 contracts.

Trump seemed to suggest tariffs on Canada and Mexico were contingent upon those countries' actions to his complaints, and might not occur until April.

• The gains Wednesday reveal canola's underlying strong fundamentals versus soyoil, traders said.

"We're back to trading the fundamentals," said analyst Jerry Klassen. "Some of the selling we saw earlier in the week, now we're seeing some of that reverse."

• Chicago Board of Trade soyoil futures BOv1 fell 1%.

• Euronext rapeseed futures COMc1 rose 0.24%. Malaysian palm oil futures FCPOc3 fell 1.01% on bargain-buying and short-covering. POI/

Crude oil CLc1 fell, continuing a month-and-a-half decline that has undermined support for vegoils, which are an alternative fuel feedstock.

• The Canadian dollar CAD= fell, returning to an area of support and resistance that held from mid-December to the end of January. CAD/