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ICE Futures canola contracts remained in a steady uptrend during the week ended April 16 despite the ongoing global tariff uncertainty, hitting their highest levels of the past year on a nearby weekly chart.

A pause on tariffs from the United States gave the canola market a boost during the first few trading days of February, although the outlook remains cloudy, and values ran into resistance on Feb. 5.

The ICE Futures canola market posted solid gains during the week ended March 26 to trade at its best levels in more than two weeks despite recently imposed Chinese tariffs on canola oil and meal the looming threat of broad tariffs from the United States.

Tight supplies could send old crop canola futures higher before the new crop harvest, but values were showing signs of running into resistance in early May.

ICE Futures canola contracts climbed higher during the week ended May 14, hitting their best levels in 18 months as proposed changes to biofuel policies in the United States lent support.

The ICE Futures canola market backed away from nearby highs during the week ended Oct. 16, as losses in Chicago soybeans and soyoil weighed on values. With the canola harvest in its final stages across Western Canada, the market will likely settle in a sideways range while looking to outside influences for direction.

MarketsFarm -- ICE Futures canola contracts held relatively rangebound during the week ended Wednesday, in choppy activity as traders wait to get a clearer picture on the size of this year's crop. "Overall, canola is relatively cheap," said Ken Ball of PI Financial in Winnipeg. He pointed to wide crush margins -- over $200 per[...]

The ICE Futures canola market held above major chart support during the week ended Sept. 11, as uncertainty over a Chinese anti-dumping investigation tempered any attempts at moving higher.

Canadian canola exports in 2024/25 will be at least a million tonnes above earlier projections, but ending stocks remain to be seen as Agriculture and Agri-Food Canada had to make some creative calculations in their latest supply/demand report.

Canadian farmers will plant more wheat and coarse grains in 2025 at the expense of oilseeds, according to the first supply/demand projections for the 2025/26 marketing year from Agriculture and Agri-Food Canada, released Jan. 20.