ICE Close: Canola Bounces to Begin Week

Mar 18, 2025

Canola futures snapped a five-day losing streak on Monday, as the market finally rebounded from a sharp fall caused by the March 8 announcement of Chinese tariffs on imports of Canadian canola oil and meal.

The nearby May canola future fell more than 13% last week, setting the stage for a bounce today as farmers put cash and forward contract sales on hold. China’s 100% tariffs are set to take effect on Thursday.

Some support for canola came from advances in Chicago soybean oil. European rapeseed and palm oil were also higher, as was crude oil.

May canola gained $8.80 to $569.30, and November was up $6.70 at $591.50.

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Video: Winter Canola Trial in Mississippi | Can It Work for Double Cropping? | Pioneer Agronomy

Can winter canola open new opportunities for growers in the Mid-South? In this agronomy update from Noxubee County, Mississippi, Pioneer agronomist Gus Eifling shares an early look at a first-year winter canola trial and what farmers are learning from the field.

Planted in late October on 30-inch rows, the crop is now entering the bloom stage and progressing quickly. In this video, we walk through current field conditions, fertility management, and how timing could make this crop a valuable option for double-cropping soybeans or cotton.

If harvest timing lines up with early May, growers may be able to transition directly into another crop during ideal planting windows. Ongoing field trials will help determine whether canola could become a viable rotational option for the region.

Watch for:

How winter canola is performing in its first season in this Mississippi field

Why growers chose 30-inch rows for this trial

What the crop looks like as it moves from bolting into bloom

Fertility strategy, including nitrogen and sulfur applications

How canola harvest timing could enable double-cropping with soybeans or cotton

Upcoming trials comparing soybeans after canola vs. traditional planting

As more growers look for ways to maximize acres and diversify rotations, experiments like this help determine what new crops might fit into existing systems.