Canola futures posted solid gains across all contract months, signaling a potential shift in market tone. The November 2025 contract rose by $6.40 CAD to close at $702.30 CAD/tonne, pushing back above the psychological $700 mark. Strength carried through the forward curve, with January and March 2026 contracts climbing by $6.70 and $7.60 respectively. The most notable moves came in the deferred contracts—May and July 2026 were up $9.20 and $10.00, while November 2026 advanced $9.90 to finish at $691.60.
The firm pricing suggests improving sentiment, possibly supported by tightening old crop stocks or demand optimism. While nearby months may reflect positioning ahead of harvest, strength in the back end hints at longer-term confidence. With weather still a critical variable for Canadian production over the next several weeks, markets appear to be pricing in increased risk or adjusting to shifting supply expectations.
