Canola futures settled little changed on Friday, with the nearby contract lower and new-crop November higher.
Modest support for canola came from small advances in Chicago soybeans and soybean oil. European rapeseed and palm oil were higher as well.
Seeding across Western Canada continues to lag, with the weekly Alberta crop report on Friday showing the planting of all crops in the province at 53% complete as of Tuesday, below both the five-year average of 61% and the 10-year average of 59%. Canola was estimated at 31% planted.
Statistics Canada today reported the April canola crush at 1.052 million tonnes. That’s down 4.1% from the 1.097 million crushed in March although 14.5% above the April 2025 crush of 919,345.
Updated monthly supply-demand estimates from Agriculture Canada this week pegged new-crop canola ending stocks at 1.319 million tonnes, up from the April estimate of 1.064 million but still well below the slightly downwardly revised 2025-26 ending stocks of 2.72 million.
July canola was down 60 cents at $750.20, and November was up 60 cents at $760.10.
U.S. markets will be closed Monday for the Memorial Day holiday, while Canadian markets will remain open.
