Canola futures eased past CAD 630 per tonne, reaching early-April lows largely due to a perfect storm of rising supply expectations and collapsed export demand. Agriculture Canada raised its 2025-26 canola production estimate to 20.10 million tonnes, up nearly 13% from July’s forecast, pushing total supply to about 21.38 Mt and boosting projected carry-out stocks by about 1.2 Mt compared to last month. At the same time, China slapped preliminary anti-dumping duties of 75.8% on Canadian canola seed, on top of existing heft tariffs on canola oil and meal, effectively shutting off nearly C$5 billion in annual exports. To compound the downside, bearish spillover from a softening U.S. soy complex, especially weaker soybean oil tied to reduced biofuel demand after exemptions, has dragged down related vegetable oils, putting further pressure on canola.
Canola rose to 628.65 CAD/T on September 2, 2025, up 0.17% from the previous day. Over the past month, Canola's price has fallen 7.94%, but it is still 6.72% higher than a year ago, 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 September 2 of 2025.
Canola rose to 628.65 CAD/T on September 2, 2025, up 0.17% from the previous day. Over the past month, Canola's price has fallen 7.94%, but it is still 6.72% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Canola is expected to trade at 642.03 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 688.14 in 12 months time.