# ICE Close: Canola Down Amid Recor... | Syngenta CA

> Statistics Canada's June acreage report put 2026 canola seedings at a record 23.44 million acres, well above the March estimate of 21.84 million and the trade's 22.1 to 22.8 million expectation. Canola futures fell as a result, with November down $8.60 and January down $8.80. Soyoil losses added pressure, while Prairie weather uncertainty limited the decline.

- Date: 2026-06-30 · published 2026-06-30T12:00:00.000Z
- Category: report · region Canada · magnitude high
- Page: https://feedsoft.ai/events/6673-ice-close-canola-down-amid-recor-syngenta-ca
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A much larger-than-expected crop area raises expected supply for the fall harvest and weighs on canola prices. Flooding or poor summer weather could still cut harvested area and offset the bearish supply signal.

## Read by commodity

- SBO: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2025-12-09 | [Canola prices react to Canadian production report](https://feedsoft.ai/events/21603-canola-prices-react-to-canadian-production-report.md) | -3.0% | -4.3% |
| SBO | 2017-05-12 | [Ukraine could beat own record in sunflower oil exports](https://feedsoft.ai/events/71119-ukraine-could-beat-own-record-in-sunflower-oil-exports.md) | +0.5% | +0.1% |
| SBO | 2017-09-12 | [USDA Sees Larger Canadian Wheat and Canola Crops](https://feedsoft.ai/events/68932-usda-sees-larger-canadian-wheat-and-canola-crops.md) | -1.7% | -5.1% |
| SBO | 2023-02-16 | [Canola exports, soy oil and meal all affect canola’s price \| The Western Producer](https://feedsoft.ai/events/37285-canola-exports-soy-oil-and-meal-all-affect-canola-s-price-the-western-producer.md) | +1.9% | -6.8% |
| SBO | 2016-11-11 | [Soybeans, corn down watching end of harvest, South America - Brownfield Ag News](https://feedsoft.ai/events/73884-soybeans-corn-down-watching-end-of-harvest-south-america-brownfield-ag-news.md) | -2.1% | +5.7% |

## Sources

- syngenta.ca: https://www.syngenta.ca/market-news/ice-close--canola-down-amid-record-planted-area-estimate

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.