Canola prices ease as Canadian stocks rise and harvest weather improves

Canola prices in Canada continue to decline as harvest weather improves and stock forecasts rise. Agriculture and Agri-Food Canada raised its estimate of 2026/27 ending rapeseed stocks to 1.979 mln tons from 1.504 mln tons in its August forecast.

The estimate for previous-season ending stocks was also revised higher by 175 thsd tons to 1.90 mln tons. Expectations of larger supplies in Canada, one of the world’s key rapeseed exporters, are adding pressure to canola prices and processed products.

November canola futures in Winnipeg fell 2% over the past seven days to CAD 812/t, or around $572/t. Prices are down 1.7% over the month, although they remain 23% above year-ago levels.

Faster harvesting is also weighing on the market. As of September 28, canola had been harvested on 57% of the area in Manitoba, up 13 percentage points over the week, and on 45% in Saskatchewan, up 17 points. However, progress remains behind the usual 70–80% for this time of year.

Forecasts call for another 7–10 days of dry weather in Canada, which should allow harvest activity to accelerate significantly. Further improvement in field conditions and confirmation of high stocks could keep pressure on canola, rapeseed oil and rapeseed meal prices.

Tags: canola, prices, Canada, rapeseed