Canola lost ground for the fifth straight day on Thursday, as the market remains weighed down by heavy Canadian supplies.
Updated monthly supply-demand estimates released by Agriculture Canada after the close on Wednesday pegged 2025-26 canola ending stocks at 2.95 million tonnes, up 450,000 from the November forecast and almost 85% above the previous year’s 1.597 million. The increase in stocks from November reflects Statistics Canada’s record large production estimate from earlier this month.
With the larger crop, Ag Canada revised its 2025-26 canola export forecast 1 million tonnes higher from last month to 8 million, although tariffs continue to block access to the Chinese market.
Chicago soybeans and soyoil were also lower today, along with European rapeseed. Palm oil was up only slightly.
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