# High canola prices show signs of sticking

> 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.

- Date: 2026-08-26 · published 2026-08-26T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/18020-high-canola-prices-show-signs-of-sticking
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

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.

## Read by commodity

- SBO: bearish ▼

## Sources

- manitobacooperator.ca: https://www.manitobacooperator.ca/markets/high-canola-prices-may-withstand-worst-of-harvest-weakness/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.