Canola futures climbed toward CAD 680 per tonne, revisiting six month highs last seen on February 12, amid policy driven demand and tightening supply expectations. On the demand side, proposed 45Z clean fuel tax credit rules and Canadian biofuel regulations increasingly favour North American feedstocks, reinforcing demand for canola oil, while the trade agreement with India and indications of extended Chinese purchases have redirected vegetable oil flows toward Canadian exports. The USDA also lifted global oilseed trade projections, including an additional 400,000 metric tons of Canadian canola bound for China, and signalled firmer soybean oil exports, further underpinning the oilseed complex. On the supply side, although December stocks in Canada were higher year over year, exportable supplies from Australia are easing and acreage growth in Canada is expected to be limited, while AAFC projects 2026 to 2027 ending stocks to fall by nearly 1 million metric tons.

Canola rose to 684.47 CAD/T on February 19, 2026, up 0.26% from the previous day. Over the past month, Canola's price has risen 7.59%, and is up 2.34% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Canola reached an all time high of 1226 in May of 2022. Canola - data, forecasts, historical chart - was last updated on February 19 of 2026.

Canola rose to 684.47 CAD/T on February 19, 2026, up 0.26% from the previous day. Over the past month, Canola's price has risen 7.59%, and is up 2.34% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Canola is expected to trade at 681.85 CAD/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 730.73 in 12 months time.



Price Day Month Year Date
Soybeans 1,137.31 3.81 0.34% 8.01% 8.78% Feb/19
Wheat 556.73 9.73 1.78% 9.11% -4.91% Feb/19
Lumber 575.95 -6.55 -1.12% -6.27% -6.81% Feb/19
Cheese 1.62 0.0162 1.01% 15.08% -12.85% Feb/19
Palm Oil 4,001.00 -45.00 -1.11% -1.04% -11.13% Feb/13
Milk 15.06 -0.01 -0.07% 2.10% -25.89% Feb/19
Cocoa 3,076.34 -237.66 -7.17% -33.81% -69.44% Feb/19
Cotton 63.94 0.133 0.21% -0.62% -3.21% Feb/19
Rubber 192.50 -0.40 -0.21% 4.90% -6.01% Feb/13
Orange Juice 189.27 -8.08 -4.09% -6.51% -40.51% Feb/19
Coffee 280.56 -4.64 -1.63% -19.03% -29.35% Feb/19
Oat 326.86 6.1117 1.91% 8.77% -8.25% Feb/19
Wool 1,693.00 0 0% 9.86% 42.99% Feb/19
Rice 10.19 -0.0814 -0.79% -4.64% -26.95% Feb/19
Canola 684.66 1.96 0.29% 7.62% 2.37% Feb/19
Sugar 13.66 -0.11 -0.82% -7.22% -35.25% Feb/19
Corn 424.64 -1.8695 -0.44% 0.21% -14.74% Feb/19


Canola
Canola refers to edible oil which recently is also used to produce biodiesel. The biggest producers of canola seeds are: the European Union, Canada, China, India, and Australia. Canola futures are mostly traded on ICE Futures Canada. Canola prices displayed in Trading Economics are based on over-the-counter (OTC) and contract-for-difference (CFD) financial instruments.
Actual Previous Highest Lowest Dates Unit Frequency
684.47 682.70 1226.00 200.00 1980 - 2026 CAD/MT Daily

News Stream
Canola Tests 6-Month Highs
Canola futures climbed toward CAD 680 per tonne, revisiting six month highs last seen on February 12, amid policy driven demand and tightening supply expectations. On the demand side, proposed 45Z clean fuel tax credit rules and Canadian biofuel regulations increasingly favour North American feedstocks, reinforcing demand for canola oil, while the trade agreement with India and indications of extended Chinese purchases have redirected vegetable oil flows toward Canadian exports. The USDA also lifted global oilseed trade projections, including an additional 400,000 metric tons of Canadian canola bound for China, and signalled firmer soybean oil exports, further underpinning the oilseed complex. On the supply side, although December stocks in Canada were higher year over year, exportable supplies from Australia are easing and acreage growth in Canada is expected to be limited, while AAFC projects 2026 to 2027 ending stocks to fall by nearly 1 million metric tons.
2026-02-18
Canola Holds Near 6-Month Highs
Canola futures held above CAD 670 per tonne, close to six month highs seen February 12th, as the reopening of trade between Canada and China tightened the export balance just as vegetable oil demand improves. Chinese buyers have booked sizable Canadian volumes for shipment through early spring, and Beijing is set to lower tariffs to about 15% from March 1st, restoring a key outlet that had curtailed flows and left exporters reliant on secondary markets. With Canadian exports previously running below the pace needed to meet the 8.2 million tonne annual target, any pickup in shipments quickly reduces available supplies. At the same time, global oilseed data show larger soybean output but comparatively tighter rapeseed and oil stocks, so stronger crush and biofuel driven demand for veg oils supports canola oil values. Although Australian supply has returned to China, volumes remain limited, leaving Canadian cargoes central to balancing near term demand and keeping prices elevated.
2026-02-11
Canola Hits 24-week High
Canola increased to 666.40 CAD/T, the highest since August 2025. Over the past 4 weeks, Canola gained 7.24%, and in the last 12 months, it increased 0.3%.
2026-02-09