Trade discussions between Canada and the United States as well as dry weather have driven canola’s rally on the Intercontinental Exchange during the week ended July 2, 2025.
Multiple factors driving canola’s rally
Intense storms cause some damage
Temperatures to be a little below normal
Forecast issued June 4, covering June 4-11, 2025
Impacts depend on smoke quantity, plant progress, surrounding weather conditions
Monsoon to pick up again around June 11
Some parts of the Prairies are very dry, but provincial crop specialists say it’s still early in the season
Crop progress stands at 88 per cent
Rains bode well for crop production