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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.

Raboresearch delivered its fall harvest outlook in an online presentation on Nov. 13, 2024. Analysts showed their insights for the 2025-26 marketing year, including those for Canadian farmers.

Despite the trade war between the United States and practically every other country, canola prices were on the rise for the week ended April 9, 2025.

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.

Deliveries of major grains increased from December to December, according to data released by Statistics Canada on Jan. 29.

There were several increases in the producer deliveries major grains report for March compared to a year ago, according to Statistics Canada on April 28. However, there were notable decreases in canola and rye from March to March.

MarketsFarm -- Winnipeg-based trader Ken Ball from PI Financial is cautiously optimistic that canola prices can rebound in the short term. The January canola contract closed at $702.30 per tonne on Wednesday a weekly loss of $7.40. The contract fell below the $700 level on U.S. Thanksgiving on Nov. 23, a day with little volume.[...]

Most farmer deliveries of reported grains increased in February from the year before, according to Statistics Canada on March 28.