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Agriculture Canada raised its 2025-26 canola ending stocks estimate by 10,000 tonnes to 2.76 million tonnes, leaving the export forecast at 8.2 million tonnes and the crush at 12 million tonnes. It tightened its wheat outlook and set the canola season average price at $670 per tonne.
The agency noted that canola exports are catching up, with China reportedly buying again.
Large Canadian canola ending stocks cap price gains even with China's return, keeping canola and meal values under pressure.
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.