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ICE canola futures settled mixed on April 30, with old-crop July slightly lower and new-crop months higher. Crude oil hit four-year highs before easing, and Canadian crushers processed 1.097 million tonnes in March, up 7% year on year.
The Canadian dollar strengthened to a seven-week high.
A firmer loonie erodes the Canadian crush margin, while large old-crop supplies remain bearish. Oil-linked biodiesel demand continues to underpin the complex.
marketsfarm.comPhil Franz-WarkentinApr 30, 2026Not enough comparable past events yet for a historical read.
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.
