Canola
Canada's own oilseed, grown on the Prairies and crushed for oil and meal. Trade policy in its largest export markets can move it as sharply as the weather.
778.8
CAD/t, −2.4% on the week
ICE canola, indicative, week of October 23, 2026. Source: Commodities-API (commodities-api.com), indicative prices.
52 weeks of Friday closes
- Week
- −2.4%
- 13-week range
- 758.2 to 827.7
- 52-week range
- 582.6 to 1,013.9
- Over the year
- +24.6%
- Matters to
- North America, Asia, Europe
The Canada angle
Canola is grown across the Prairies, crushed at home for oil and meal, and shipped as seed through Vancouver and Prince Rupert. Its price is set as much in the capitals of the countries that buy it as in the fields that grow it.
What moves it
- Prairie weather, from seeding in May to harvest in September.
- Crush margins: the spread between seed and the oil and meal it yields.
- Vegetable oil markets, led by soybean and palm oil.
- Biofuel rules that set demand for canola oil in renewable diesel.
- Trade policy in the markets that buy Canadian seed, oil and meal, from China and Japan to Mexico and the United States.
What we are watching
- Chinese buying ahead of the next tariff decision.
- Crush margins as new-crop supply arrives at the plants.
- Freight and port capacity on the West Coast through the harvest.
Where Canada sells it
Canola, seed, oil and meal: C$15.0 billion of Canadian exports in the 12 months to August 2026, 52% of it outside the United States.
Source: Statistics Canada, Canadian International Merchandise Trade Web Application (catalogue 71-607-X), domestic exports, by destination.
Largest buyers outside the United States
| China | C$2.5 billion |
|---|---|
| Japan | C$1.2 billion |
| Mexico | C$1.1 billion |
| Pakistan | C$551 million |
| Bangladesh | C$390 million |
| France | C$362 million |
Selling, buying or financing canola?
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