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Canada and China agreed to extend favourable access for Canadian canola meal and peas through the end of 2028. January canola futures fell to a four-month low near C$753 per tonne on Nov.
5 and were around C$748 at publication; Saskatchewan’s harvest was 99% complete with canola yields at 38.3 bushels per acre, while Alberta’s major-crop harvest was 97% complete as of Oct. 27.
The access extension supports Canadian canola meal demand, but the reported futures decline indicates near-term price pressure despite the trade relief. Harvest completion and reported yields add supply information, while the article gives no indication of a major crop shortfall.
grainreport.klarenbach.caTrent KlarenbachNov 6, 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.
