Trading in the USA was suspended on Monday due to Labor Day. The start of the week also began with a public holiday in Winnipeg, Canada.
News on canola was therefore only available from Down Under. Australia's canola harvest is estimated at around 6.4 million tons for 2025/26, which is higher than the previous year's figure of 6.24 million tons. In Western Australia, stocks are predominantly good, while in New South Wales the northern regions are also performing strongly and the central and southern regions are catching up after a dry start. Conditions in South Australia and Victory have so far been characterized by drought. The situation here has improved significantly thanks to increased rainfall. China's 75.8% punitive tariff on Canadian canola in particular is causing movement on the markets. This development benefits Australians, as it opens up new opportunities for Australian exporters.
The situation on Euronext was bullish for rapeseed. It gained €4.75 to €467.25 per tonne for November.
