Expect canola futures to fall back in the coming months, said analyst Jerry Klassen of Resilient Capital in Winnipeg. Klassen pointed to the Statistics Canada production update and China as two reasons for the coming declines.
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ICE Canada Weekly: More declines on horizon for canola

Canadian crop production revised mostly higher from August
Canadian grain and oilseed production in 2025/26 was likely larger than earlier expectations, as warm temperatures and increased precipitation across the Prairies in August helped crop development, according to updated estimates from Statistics Canada released Sept. 17.

StatCan stocks report sees drops in canola, wheat
Ending stocks of canola and wheat contracted significantly on the year, Statistics Canada said in its grains stocks report released on Sept. 9.

Farm cash receipts rise in first half of 2025 on livestock gains
Crop receipts roughly level, direct payments fall on reduced crop insurance
Farm cash receipts in the first half of the year were up 3.3 per cent over the same period last year buoyed by livestock receipts. Overall receipts between January and June totalled $49.6 billion, up $1.6 billion from the same period last year, Statistics Canada reported.

More canola, a bit less wheat in 2025/26 says StatCan
Mixed projections for other cereals, oilseed, pulses
Canadian farmers are forecast to harvest more canola in 2025/26, while there’s to be less wheat, Statistics Canada said in its crop production report on Aug. 28.

Canadian cattle herd sees first year-over-year increase since 2021
Lower slaughter, retained breeding stock supports inventories
Canadian cattle numbers rose as of July 1, the first year-over-year increase since 2021 according to new data from Statistics Canada.

Canadian farmers planted fewer canola acres than expected, StatCan projects
StatCan revises 2024/25 canola output
In something of a surprise, Statistics Canada lowered its projection for planted canola acres in 2025/26, with other oilseeds reaping some of the benefits. As well, StatCan adjusted its numbers for Canadian wheat.

Pulse Weekly: Manitoba beans, peas in good shape
Keeping on crop development over next few weeks
Dry beans and field peas are in good shape so far in 2025, said Daryl Domitruk, executive director for Manitoba Pulse and Soybean Growers.

Canadian farm liabilities outpaced equity growth in 2024
Farmers see declining ability to service debt for second consecutive year
Canadian farmers' total equity growth slowed for the first time in five years in 2024 as liabilities grew faster than assets, Statistics Canada reported. Farmland prices led to most of the growth, while declining farm income led to less ability to service debts.

ICE Canada Weekly: Canola poised to rise or fall
Weather, China could guide oilseed’s trajectory
Canola prices could shift up or down in the coming weeks due to uncertainty, said Jerry Klassen, analyst with Resilient Capital in Winnipeg