ICE canola futures closed sharply lower Friday, ending the 2025–26 crop year with another wave of speculative liquidation. November fell C$10.40 to C$758.20 per tonne, bringing its five-session decline to roughly C$70 as weaker soyoil, European rapeseed and palm oil markets encouraged traders to reduce long positions.
Generally favourable Prairie crop conditions have also stripped weather premium from the market, despite pockets of heat and earlier flooding. November held just above its 100-day moving average, making that level an important technical test when trading resumes Tuesday following the Canadian holiday.
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