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ICE canola futures turned lower on Friday morning after overnight gains, as China announced it would suspend its 100% tariff on Canadian agricultural products from March 1. Crude oil was sharply higher, supporting the soy complex, rapeseed and palm oil.
Traders also noted ample Canadian supplies and an upcoming Statistics Canada acreage report.
Canola prices are capped by large supplies and the expected planted-area report, offsetting the bullish effect of the Chinese tariff relief.
marketsfarm.comGlen HallickFeb 27, 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.
