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Canola prices have declined under pressure from late-season harvest supplies and higher production estimates for corn and soybeans, while weaker soybean oil prices have also weighed on canola oil. In North Dakota, heat and wind reduced yields in some areas; reported losses reached 500 pounds per acre, and extreme heat cut yields in the southern half of the state by about 20%.
Harvest supplies and weaker competing oilseed and vegetable-oil markets are bearish for canola prices. Heat and wind-related yield losses in North Dakota provide a countervailing supply constraint, though the article describes regional rather than broad market losses.
agupdate.comBARRY COLEMAN, Northern Canola Growers AssociationNov 10, 2026After 49 past bearish weather events, Soybean Oil moved a median -0.5% over 5 sessions (43% higher; middle half -3.2% to +1.0%), and -0.3% 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.
