VIDEO: Closing Market Update: Canola, soybeans fall sharply | March 16, 2026

Canola futures fell sharply as they, and other commodities, were caught in spillover from the Chicago soy complex. Soybeans and soyoil were limit down after a lack of progress towards new Chinese purchases and reaction from U.S. President Donald Trump’s comments about securing the Strait of Hormuz. Here’s Adam Peleshaty from The Western Producer Markets Desk with your March 16 closing grain and oilseed market update.

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