Canola futures ended lower on Monday, pressured by a broad selloff across agricultural markets and steep losses in Chicago soybeans.
Soybeans led the oilseed complex lower after the latest U.S.-China trade agreement failed to include soybeans among the products receiving tariff reductions, disappointing traders who had hoped for improved access to the Chinese market. European rapeseed and Malaysian palm oil were also weaker, although crude was higher.
Released Friday, Agriculture Canada’s latest supply-demand estimates raised projected 2026-27 canola ending stocks to 1.979 million tonnes from 1.504 million in August.
November and January canola each lost $19.60 to settle at $809 and $821.80, respectively.
