Canola futures settled lower for the first time in three sessions on Friday, ahead of a bevy of US government reports due Monday.
The USDA will release its final 2025 production estimates for corn and soybeans, along with a Dec. 1 grain stocks report and winter wheat seedings report at noon EST. Monthly US and global supply-demand numbers will also be updated for the 2025-26 crop year.
Any big resulting moves in the Chicago soy complex could help send canola higher or lower as well.
The canola market drew support the last couple of days from the news Prime Minister Mark Carney will travel to China next week, with hopes for some resolution to the Chinese tariffs on Canadian canola.
Chicago soybeans were mixed today, while soyoil was stronger. European rapeseed was also higher, but palm oil was weaker.
March canola lost $2.20 to $623.70, and November 2026 was down $3.60 at $637.10.
