The drier the Prairies become, the more likely canola prices will increase.

Canola prices fall, but still remain rangebound

High drought risk could kickstart the canola market this summer

Canola took a tumble to close out the week ended April 11, pressured by losses in Chicago soyoil and other oilseeds.  The old crop May canola contract fell back from the week’s high of $643.10 per tonne at the close on April 5, and fell to $624.30 on April 11. Declines for the new crop