Canola futures followed the larger Chicago market on Monday in rebounding from Friday’s losses.
Canola posted more moderate declines on Friday compared to Chicago, and the gains today in the Canadian market were more modest as well.
Support for canola came from higher soybeans and soybean oil, although soymeal did end the day in the red. Rapeseed was also higher, but palm oil and crude oil were both weaker. The Canadian dollar was a bit higher today, while the American greenback was down.
Canola continues to chip away at overhead resistance.
March gained $1.80 to $625.80, and November 2025 was up $2.70 at $610.50.
