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AAFC's May Supply and Demand Report raised Canada's 2026/27 canola ending stocks to 1.319 million tonnes from 1.064 million, while lowering 2025/26 ending stocks by 45,000 tonnes to 2.72 million. Benchmark rapeseed meal futures for September delivery fell on May 22 and were under pressure.
Higher projected canola stocks signal ample supply, weakening cost support for canola meal and oil and pointing to lower canola product 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.