Canola futures finished higher on Friday, supported by gains in Chicago soybeans and soybean oil.
Strength across the U.S. soy complex provided spillover buying interest in canola, with soybean futures advancing after the USDA left its 2026–27 U.S. soybean ending stocks forecast unchanged despite raising production, while soybean oil also moved higher.
The gains were limited by lower crude oil prices, which weighed on the broader vegetable oil complex. Ample moisture across much of the Prairies also kept some pressure on the market, although concerns about excessive rainfall and an approaching period of hot weather offered underlying support. Today’s Alberta crop report pegged that province’s canola crop at 56% good to excellent as of Tuesday, down a single point on the week.
November canola was up $3.60 at $777.60, and January was $4 higher at $787.
