Commodities

Canola Futures Defy US Declines Amid Chart-Based Buying

Guavy AI Editorial Team Published August 14, 2026

Instruments

Wheat Corn

Canola futures saw significant gains on Thursday, pushing above nearby resistance and driven by chart-based buying.

This upward momentum came despite losses in US futures markets, where soybeans, corn, and wheat experienced downward pressure due to profit-taking.

According to Phil Franz-Warkentin of the Western Producer Markets Desk, this trend is a notable development in the grain and oilseed market on August 13th.

The Wire

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