Canola futures ended lower on Friday as weakness in outside markets outweighed support from gains in Chicago soyoil.
A sharp decline in crude oil pressured the broader vegetable oil complex and reduced the appeal of oilseeds used in renewable fuels. Lower Chicago soybean futures added to the negative tone, although stronger soyoil helped limit the losses in canola. Position-squaring ahead of next week’s major U.S. acreage and grain stocks reports also contributed to cautious trading.
Alberta’s latest crop report on Friday rated 63% of the provincial canola crop in good to excellent condition as of June 23.
November canola lost $3.20 to $744.50, and January 2027 was down $3.30 at $753.40.
