ICE is home to the global benchmark canola options and futures contracts. These contracts enable producers, merchants and processors to manage the price risk associated with crop production, weather patterns, and changes in supply and demand.
Canada is the leading producer and exporter of Canola (aka rapeseed). Canadian supply is the most influential price determinant for the crop and ICE Canola is the global benchmark contract for price discovery. Strong price convergence, growing volume and growing open interest have made the ICE’s Canola futures and options contracts critical hedging and investment tools in the oilseeds sector.