Canola futures suffered solid losses on Monday as the market bears the brunt of ongoing harvest pressure.
Aside from a handful of locations which saw relatively light amounts, most of Western Canada was dry over the weekend, allowing for good harvest progress. Mainly dry weather is expected for most of this week and into early next week as well for some areas. Friday’s Alberta crop report showed the harvest of major crops in the province at 77% complete, with canola more than half done at 56%.
In updated monthly supply-demand estimates released late Friday afternoon, Ag Canada pegged 2025-26 canola ending stocks at 2.5 million tonnes. That is up 300,000 tonnes from the August estimate and about 900,000 higher than a year earlier.
November canola fell $9.40 to $605.20, and January lost $9.50 to $618.20.
