Canola prices, basis and exports on the Prairies
Canola futures slid through the week and spot bids fell about C$34 a tonne with them, while exports had their biggest week of the season.
Updated every week. Latest data: week ending Nov 8, 2026, crop week 14.
In the week ending Nov 8, 2026, the median Prairie canola cash bid was C$691.28 a tonne (about C$15.68 a bushel, converted), according to PDQ (Price and Data Quotes) elevator cash bids.
This week in plain words
- Spot bids fell almost as far as futures, so basis on the January contract did not widen.
- Market reports blamed fund selling and weak vegetable oil markets, not trade news.
- A recovery in oil values, or a slowdown in exports, would change the pressure on bids.
Canola cash bids by region
Each figure is the average posted bid of elevators in that region, in Canadian dollars a tonne. As of Nov 6, 2026. Bushel prices are converted from the tonne price.
| Where | A tonne | A bushel | Change on the week |
|---|---|---|---|
| Peace | C$691.28 | C$15.68 | down C$32.13 |
| North Alberta | C$691.71 | C$15.69 | down C$33.10 |
| South Alberta | C$705.95 | C$16.01 | down C$30.52 |
| Northwest Saskatchewan | C$680.65 | C$15.44 | down C$30.98 |
| Northeast Saskatchewan | C$682.69 | C$15.48 | down C$32.17 |
| Southwest Saskatchewan | C$691.09 | C$15.67 | down C$34.55 |
| Southeast Saskatchewan | C$689.92 | C$15.65 | down C$29.77 |
| West Manitoba | C$697.73 | C$15.82 | down C$29.62 |
| East Manitoba | C$702.16 | C$15.92 | down C$31.93 |
Sources: PDQ (Price and Data Quotes) elevator cash bids.
Canola over the last 8 weeks
Bushel prices are converted from the published per-tonne price. Cash bid and basis are the median of the regional bids on the last publication day of each week. Deliveries are what farmers delivered to country elevators in the week. Stocks are measured at the end of the week.
| Week ending | Crop week | Median cash bid (C$ a tonne) | Converted (C$ a bushel) | Median basis (C$ a tonne) | Exports (tonnes) | Farmer deliveries (tonnes) | Country elevator stocks (tonnes) |
|---|---|---|---|---|---|---|---|
| Nov 8, 2026 | 14 | 691.28 | 15.68 | −60.92 | 308,400 | 263,200 | 753,100 |
| Nov 1, 2026 | 13 | 724.81 | 16.44 | −51.29 | 284,900 | 258,000 | 836,300 |
| Oct 25, 2026 | 12 | 728.45 | 16.52 | −50.35 | 238,000 | 298,100 | 872,100 |
| Oct 18, 2026 | 11 | 742.74 | 16.85 | −56.06 | 215,100 | 331,200 | 912,200 |
| Oct 11, 2026 | 10 | 761.38 | 17.27 | −55.32 | 158,300 | 412,900 | 881,600 |
| Oct 4, 2026 | 9 | 757.48 | 17.18 | −58.02 | 248,400 | 530,800 | 784,100 |
| Sep 27, 2026 | 8 | 769.13 | 17.44 | −59.47 | 130,700 | 487,700 | 647,000 |
| Sep 20, 2026 | 7 | 759.95 | 17.24 | −62.35 | 43,300 | 367,200 | 431,300 |
Sources: PDQ (Price and Data Quotes) elevator cash bids; ICE Futures; Canadian Grain Commission. Bushel prices use 50 pounds a bushel (44.092 bushels a tonne).
Charts behind this week's story
Past weeks
- Week ending Nov 8, 2026, crop week 14. Canola futures slid through the week and spot bids fell about C$34 a tonne with them, while exports had their biggest week of the season.
- Week ending Nov 1, 2026, crop week 13. Canola futures ended the week almost where they started, but the crush margin fell C$26 a tonne and spot bids slipped a little more than futures despite strong exports.
- Week ending Oct 25, 2026, crop week 12. Canola futures fell C$20 a tonne this week and spot bids fell less, so basis narrowed in every region while elevators shipped more than farmers delivered.
- Week ending Oct 18, 2026, crop week 11. Canola bids fell with futures this week, and basis held still after four weeks of narrowing while crushing slowed for a second week.
- Week ending Oct 11, 2026, crop week 10. Canola futures ended the week flat, but spot bids edged up as basis kept narrowing while crushers and the movement to port both drew heavily on country grain.
Canola prices by province: Alberta, Saskatchewan, Manitoba.
Canola crush margin and crush volumes. Grain exports by crop. What is basis. About the data and how often it changes