ICE Futures canola contracts were trading within a sideways range heading into the end of the 2024/25 (Aug/Jul) marketing year, with expectations for a tight old crop carryout providing support amid uncertainty over new crop production.
canola
ICE canola weekly outlook: Tight carryout supportive
New crop production uncertain
Changes to Manitoba’s spring wheat: crop report
Canola varies widely
Crops in Manitoba continued to hold up quite well, but the provincial agriculture department reported some variation in the spring wheat over the week ended July 29.
ICE Weekly: Canola trade choppy, makes weekly gains
Weather, strong loonie fail to prevent canola’s rise
Scattered weather across the Canadian Prairies and a stronger Canadian dollar failed to stop rising canola prices during the week ended July 23, 2025.
Manitoba crops still in good shape
Rain ranges from nothing to 41 mm
Manitoba cereals, oilseeds and pulses continue to develop nicely, the province’s latest crop report said.
AAFC updates canola in July balance sheet
Bases revision on latest StatCan numbers
Agriculture and Agri-Food Canada revised its canola estimates in its July supply and demand report released on July 21.
ICE Canada Weekly: Decent outlook of old, new crop weigh on canola futures
New crop looking good, but needs rain
The outlook for canola futures on the Intercontinental Exchange appears to be on a downward slide, said Bill Craddock, a Manitoba-based trader and farmer.
Australia nears breakthrough canola deal with China, sources say
Phytosanitary rules have restricted Australia’s canola exports to China
Canberra is close to an agreement with Beijing that would allow Australian suppliers to ship five trial canola cargoes to China, sources familiar with the matter said, a move towards ending a years-long freeze in the trade.
Dryness poised to threaten Saskatchewan crops
Growing conditions vary across province
Crops in Saskatchewan are developing in opposite directions, the province’s latest crop report said. Growing conditions in the province vary, with some areas receiving enough rain while other locations are experiencing crop stress due to hot, dry conditions.
ICE Canada Weekly: Canola’s slide likely to continue
If dryness not alleviated, canola would turnaround
With the speculative fund selling and relatively decent crop conditions on the Canadian Prairies, a broker said canola futures have little option but to continue falling back.
Alberta crop ratings nudge up
But ground drier
Alberta saw its overall crop rating improve, but its surface soil became drier, the province’s latest crop report said.
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