Closing market update: Canola rises amid trade optimism | Jan. 7, 2026

Canola futures were boosted by optimism over a looming trade mission to China by Canadian Prime Minister Mark Carney next week. Soybean, corn and wheat futures in Chicago were all higher as well. Here’s Phil Franz-Warkentin of the Western Producer Markets Desk with your Jan. 7 closing grain and oilseed market update.

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