Canola futures remained pointed higher on Tuesday, creeping up from the low made last week
Palm oil hit new contract highs, offering spillover support to canola. European rapeseed was also higher, along with the Chicago soy complex.
The canola market is awaiting Thursday’s Statistics Canada crop production report, which is expected to downwardly revise the current 2024 Canadian canola production estimate of just under 19 million tonnes.
US President-elect Donald Trump’s tariff threats and a China anti-dumping investigation continue to cloud the canola outlook.
January gained $5.30 to $586.90, and November 2025 was up $4.30 at $592.10.
