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Glacier MarketsFarm analyst Mike Jubinville said canola fundamentals are supportive for winter, but tariffs, U.S. politics and possible Chinese import tariffs are holding prices back, which he estimates at about $60 per tonne. Canola futures for May were around $640 per tonne on January 23.
Political uncertainty is capping canola prices despite tight Prairie supplies and low ending stocks, so any clarity on tariffs could lift oilseed values.
manitobacooperator.caRobert ArnasonJan 23, 2025Not 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.
