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Canola approached its seasonal highs in mid-August before selling off to C$789.70 per tonne on August 25. The decline reflected chart resistance, a stronger Canadian dollar, and the US EPA extending its biofuel refinery deadline, which weighed on vegetable oils.
Agriculture and Agri-Food Canada raised its production estimate to 21.6 million tonnes.
The EPA deadline extension and falling crude weaken soyoil demand expectations, while a larger Canadian crop adds to harvest supply pressure on canola and related vegetable oils.
manitobacooperator.caAdam PeleshatyAug 26, 2026Not 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.
