ICE canola futures extended their decline Wednesday as weakness across the broader oilseed complex and a firmer Canadian dollar outweighed steadier crude oil. November 2026 canola fell C$11.30 to settle at C$771.60 per tonne after trading between C$770.70 and C$790.10.
January 2027 also lost C$11.30, closing at C$780.90 per tonne. November has now fallen roughly C$67 over four sessions, although strong domestic crush demand and concerns about Prairie heat continue to provide some underlying support.
The C$770 level is becoming an important technical test. A sustained break could expose the C$730–740 range, while weather concerns and historically attractive prices may encourage both bargain buying and additional farmer selling.
