VIDEO: Closing market update: Canola drops amid war uncertainty | April 7, 2026

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Published: 14 hours ago

Canola futures were weaker, falling to the lower end of their sideways trading range as traders booked profits amid escalating uncertainty over the war in Iran. Soybeans and corn in Chicago were also lower, while wheat ended narrowly mixed. Here’s Phil Franz-Warkentin of the Western Producer Markets Desk with your April 7 closing grain and oilseed market update.