There were sharp changes in Agriculture and Agri-Food Canada’s estimates for the 2025/26 canola crop when it came to production and ending stocks. AAFC has now pegged canola output at 20.10 million tonnes, up 12.9 per cent from its July forecast. Also, the oilseed’s carryout was doubled from last month to now 2.20 million tonnes.

2025/26 canola production jumps nearly 13 per cent
AAFC issues August S/D report

A missed opportunity for farmers says analyst
Prices heading down following crop-saving rains
Farmers have likely lost an opportunity to get better prices for their crops, such as canola, just as the harvest across the Canadian Prairies begins to pick up speed, an analyst warned.

Manitoba harvest sees winter crops pass halfway point
Combining of spring crops getting started
Harvest operations in Manitoba pressed ahead during the week ended Aug. 18, with fall rye and winter wheat leading the way.

ICE Weekly: Canola correction brightens outlook
Canola prices rise day after China announcement
Canola prices made up some ground on Aug. 13, which caused a bit of uncertainty as to where prices could go in the coming weeks.

Chinese anti-dumping duties shut market to Canadian canola
With diminished supplies a pull-back of exports was already expected analysts say
China has effectively shut the door on purchases of Canadian canola by announcing a preliminary anti-dumping duty of 75.8 per cent on imports of the oilseed to start on Thursday, Aug. 14.

China slaps anti-dumping duties on Canadian canola
China on Tuesday announced preliminary anti-dumping duties on Canadian canola imports, a fresh escalation in the year-long trade dispute that began with Ottawa's imposition of tariffs on Chinese electric vehicle imports last August.

ICE canola weekly outlook: Spec selling weighs on market
Charts turning bearish
ICE futures canola contracts fell to their lowest levels in two months during the first week of August, with speculative long liquidation behind some of the selling pressure.

Rain aids some Saskatchewan crops
Soil moisture largely adequate
There was some relief for crops in Saskatchewan following sporadic showers. The provincial agriculture department said farmers are hoping for more rain to aid head and pod filling, but the weekly crop report for the week ended July 28 noted that more moisture wouldn’t help the yields for more advanced crops.

ICE canola weekly outlook: Tight carryout supportive
New crop production uncertain
ICE Futures canola contracts were trading within a sideways range heading into the end of the 2024/25 (Aug/Jul) marketing year, with expectations for a tight old crop carryout providing support amid uncertainty over new crop production.

Changes to Manitoba’s spring wheat: crop report
Canola varies widely
Crops in Manitoba continued to hold up quite well, but the provincial agriculture department reported some variation in the spring wheat over the week ended July 29.