WINNIPEG, Manitoba--Canola futures fell from their highest levels in three years during the last few trading sessions of the 2025-26 marketing year, losing C$67 per ton in the span of four days to settle at C$771.20 per ton on July 29.
Losses in crude oil sparked the initial declines in canola, but the oilseed remained pointed lower even when oil corrected higher.
While canola prices fell off their highs, values remain at historically strong levels and analyst Lawrence Klusa of Seges Markets expected farmers may be making some sales.
Nearby canola futures were about C$80 per ton below current levels at the same time a year ago.
"These are really good prices, so as farmers get more confidence (in their crop) they'll lock more in," said Klusa.
