There’s more to canola futures on the Intercontinental Exchange than crude oil and vegetable oils prices, said David Derwin, commodity futures advisor for Ventum Financial in Winnipeg.
As China heads into the 2026/27 marketing year, the United States Department of Agriculture attachés in Beijing projected a few minor to moderate changes in the country’s soybean, canola, corn and wheat crops.
BASF is investing $27 million to expand its Canola Breeding Centre of Innovation in Saskatoon with the hopes of refining and accelerating the development of hybrid canola.
In calendar year 2025, the canola crushes in Canada and the United States remained above their respective five-year averages, Statistics Canada reported on March 13. While the U.S. soybean crush continued to expand, StatCan didn’t include any soybean crush data for 2025 due to confidentiality requirements under the Statistics Act.
As spring planting approaches, farmers are busy planning which crops to seed this year and how much. With that, market thoughts have turned toward planted area projections, as Statistics Canada is set to issue its report on Thursday.
ICE Futures canola contracts were underpinned by a rally in Chicago soyoil during the week ended Feb. 18, but the Canadian oilseed ran into upside chart resistance that tempered gains.