FILE PHOTO: Customers speak with a salesman at a BYD dealership in Sant Cugat del Valles, near Barcelona, Spain, September 12, 2025. REUTERS/ Albert Gea/File Photo

Canadian canola futures vibing

It’s Your Business: Words from China’s ambassador were interpreted positively by the canola market

Recent comments from Chinese and Canadian officials offered a shot of positive vibes that lifted ICE canola futures to their highest levels in a month, even without any actual concrete developments on the trade front.


Photo: Greg Berg

ICE canola weekly outlook: Off lows, but sideways trade likely

Canola futures trended higher during the week ended Oct. 15, with the November contract settling above its 20-day moving average for the first time in nearly a month. Optimism over thawing trade relations with China contributed to the gains, although the lack of any concrete movement to end the stiff tariffs on Canadian canola seed or oil tempered the advances.