With the speculative fund selling and relatively decent crop conditions on the Canadian Prairies, a broker said canola futures have little option but to continue falling back.

If dryness not alleviated, canola would turnaround
Some areas receive deluge; others still dry
Multiple factors driving canola’s rally
Crop conditions still behind historical averages
StatCan revises 2024/25 canola output
Nov canola holds above 20-day moving average
Also changes dry pea data
China placed Canadian canola oil, meal under a 100 per cent tariff in March
Weather, China could guide oilseed’s trajectory
Upcoming rains could pull prices back