Canola Futures Up to 7-Month Highs

EthereumCraftsman · 2026-02-27T10:30:18+00:00

Canola futures rose above CAD 690 per tonne, nearing July 2025 highs, due to increased demand and high soy oil prices. China plans to reduce canola tariffs to 15% on March 1 following a government agreement, boosting trade ahead.

EthereumCraftsman

2026-02-27 10:30:18

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Canola futures traded above CAD 690 per tonne, near the highest level since July 2025, amid stronger demand and elevated prices of soy oil. China announced that will drop main tariffs on Canadian canola, following an agreement made between The Canadian and Chinese governments during Prime Minister Mark Carney’s January visit. Carney said China would cut rapeseed (canola) tariffs to 15% on March 1, though the final rate remains uncertain. Traders in China had already begun booking cargoes ahead of the change, while domestic demand also remained strong.

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