Canola futures fell below CAD 1,060 per tonne in mid-June, the lowest in 15 weeks amid expectations of strong supply. Favorable weather conditions and increased farming activity point to record-high canola crops in Australia, forecasted by Rabobank to be 11% above the five-year average. Sharp price decreases were also due to projections of a surge in trading activity after China, the world’s top oilseed importer, lifted its import embargo on canola seeds from top producer Canada. The move was made by Chinese authorities to curb the current shortage of domestic rapeseed, used widely to feed animals or blended into cooking oils. Prices touched a record high of CAD 1,226 in May as production in Ukraine, the largest exporter to the EU, was hampered by the war while soaring fertilizer prices also dented the outlook for Russian production. At the same time, Canada’s output for 2021 was at 13-year lows due to prolonged droughts during the year, sending stockpiles into recent lows.

Historically, Canola reached an all time high of 1226 in May of 2022. Canola - data, forecasts, historical chart - was last updated on June of 2022.

Canola is expected to trade at 1072.00 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 1148.07 in 12 months time.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Canola



Price Day Month Year
Soybeans 1,610.75 17.50 1.10% -4.18% 21.13%
Wheat 923.75 -13.50 -1.44% -19.55% 45.02%
Lumber 608.60 -8.40 -1.36% -6.63% -21.90%
Cheese 2.35 0.0010 0.04% -2.74% 42.61%
Palm Oil 4,664.00 -80.00 -1.69% -26.93% 32.50%
Milk 24.33 0.04 0.16% -3.11% 41.62%
Cocoa 2,397.00 18.00 0.76% -0.42% 1.96%
Cotton 103.76 -32.56 -23.89% -28.52% 20.05%
Rubber 270.00 0 0% 7.70% 12.64%
Orange Juice 164.15 -2.05 -1.23% -5.88% 37.83%
Coffee 226.60 -5.85 -2.52% 4.40% 44.10%
Oat 597.00 -1.2500 -0.21% -12.30% 58.15%
Wool 1,474.00 0 0% 3.80% 0.41%
Rice 16.06 -0.0600 -0.37% -5.97% 22.09%
Canola 882.50 2.30 0.26% -23.50% 10.46%
Sugar 18.37 -0.01 -0.05% -6.66% 8.70%
Tea 2.77 0 0% 3.75% 4.14%
Corn 750.25 3.5000 0.47% -2.85% 17.87%


Canola
Canola refers to edible oil which recently is also used to produce biodiesel. The biggest producers of canola seeds are: European Union, Canada, China, India and Australia. Canola futures are mostly traded on ICE Futures Canada.
Actual Previous Highest Lowest Dates Unit Frequency
882.50 880.20 1226.00 200.00 1980 - 2022 CAD/MT Daily