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.

StatCan revises 2024/25 canola output
Stronger loonie adds more pressure
Weather, supply pressures weigh on grains
U.S. crop conditions, weaker loonie also raise prices
Weather, geopolitical risk provide support
Report unlikely to have notable changes
Higher U.S. prices encourage stronger cash prices
Other crop prices firmer, stronger
Recent rains helping crops
Dryness lends support to wheat prices