Canola futures eased slightly on Monday, even as the Chicago soy complex rallied on US-China trade optimism.
Reports said canola was pressured by increased farmer selling, as the Prairie harvest is essentially now complete.
On the other hand, the soy complex gained after US President Donald Trump said over the weekend that he believes China and the US will reach a deal that will see China return as a buyer of American beans. Trump and Chinese President Xi Jinping are expected to discuss trade at the APEC Summit in South Korea later this month.
European rapeseed was higher today, while palm oil was mixed.
Updated monthly supply-demand estimates released by Agriculture Canada on Friday pegged 2025-26 canola ending stocks at 2.5 million tonnes, unchanged from the September estimate and up from 1.597 million in 2024-25.
November canola slipped 80 cents to $615.40, and January was down 30 cents at $630.
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