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Canada's Canola Crush Running Ahead of Schedule

Canada's canola crush is running well ahead of the year-ago pace.
 
According to a story in the Western Producer, the latest numbers of stats-Can suggest four months into the new crop year, more than 3.3 million tonnes of canola have been crushed.
 
That's an increase of more than 8 per cent from a year ago at the same time. The amount of canola oil produced rose more than 8 per cent from year to year.
 
Canola meal was up almost 9 per cent. The report says domestic use of canola helped reduce the overall impact of China closing its border to our canola seed, which began in March.
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USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension

Video: USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension


USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.