Analyst Jerry Klassen expects Canadian canola futures to fall in coming months after Statistics Canada raised its 2025/26 canola harvest estimate to 20.03 million tonnes from 19.94 million. A record yield is possible, and the absence of Chinese buying of North American oilseeds continues to weigh.
USDA pegged the US soybean crop at 116.82 million tonnes.
A larger Canadian canola crop and continued lack of Chinese demand point to lower canola and oilseed meal prices through harvest, reducing feed input costs.
Not enough comparable past events yet for a historical read.
After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
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.