Closing grain and oilseed market update: Canola holds onto small gains | Jan. 6, 2026

Canola futures were mostly higher Tuesday, as speculative short covering and end user bargain hunting provided support. However, a downturn in the Chicago soy complex tempered the upside, with corn and wheat futures in Chicago also mostly lower at the final bell. Here’s Phil Franz-Warkentin of the Western Producer Markets Desk with your Jan. 6 closing grain and oilseed market update.

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