
Agriculture and Agri-Food Canada raised its 2026/27 canola ending stocks forecast to 1.979 million tons, up about 32% from the August estimate of 1.504 million tons. The 2025/26 ending stocks estimate was also revised up to 1.9 million tons.
Larger Canadian supplies ease competition among buyers and point to lower canola seed, oil and meal prices as processors gain feedstock and crush more. Canola meal is the most directly affected product.
After 788 past bearish report events, SOY moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 146 past bearish report events, SBO moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +1.9%), and +0.4% over 20.
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.