ICE canola futures fell on Wednesday morning, tracking losses in related vegetable oils as crude oil eased. Manitoba's canola harvest reached 92% completion as of October 20, and AAFC's October report showed minimal changes, with the 2026-27 carryover cut by 11,000 tonnes to 1.97 million tonnes.
Canola meal is a protein source for feed buyers, and the price decline reflects weaker crude and vegetable oil values. Stable crush margins and a modest carryover suggest limited near-term supply pressure on canola meal prices.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.