WINNIPEG--ICE Futures canola contracts continued their downward slide to end the week, having lost about C$70 per tonne in five days as speculators liquidated long positions on the last trading day of the 2025-26 marketing year.

- Losses in Chicago soyoil and a lack of significant weather worries across North America contributed to the declines. European rapeseed and Malaysian palm oil futures were also lower.

- Crop conditions remain relatively favourable across most of Western Canada, despite excessive heat in some areas and flooding earlier in the growing season.

- The canola market will be closed Monday for the August long weekend, while U.S. futures will trade their usual hours.

- November canola was down C$10.40 at C$758.20 per tonne at the close.