The outlook for canola futures on the Intercontinental Exchange appears to be on a downward slide, said Bill Craddock, a Manitoba-based trader and farmer.

New crop looking good, but needs rain
Phytosanitary rules have restricted Australia’s canola exports to China
65 per cent good to excellent provincially
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