VIDEO: Closing Market Update: Canola pulls back, U.S. grains rise | Feb. 27, 2026

Canola futures on the Intercontinental Exchange retreated on Friday, putting a pause on its long rally, despite China suspending tariffs on Canadian canola meal. U.S. grains and oilseeds were all on the rise as crude oil prices jumped after the U.S. and Iran failed to reach a nuclear deal. Here’s Adam Peleshaty from The Western Producer with your Feb. 27 closing grain and oilseed market update.

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