Canola futures closed sharply lower as weakness in crude oil and soybean oil triggered broad selling across the oilseed complex. Speculative profit-taking added to the pressure, pushing November 2026 canola briefly below C$790 per tonne before a modest late-session recovery.
November futures fell C$33.70 to settle at C$791.20 per tonne after trading between C$786.50 and C$822.80. January 2027 declined C$33.90 to close at C$799.70, with a session range of C$795.20 to C$831.40.
The decline reflects a rapid removal of the energy-linked premium that had supported vegetable oil markets. Domestic crush demand remains constructive, but improving Prairie crop conditions and expectations for a larger Canadian harvest are reducing the urgency among buyers.
