Canola prices rose near six-month highs despite trade uncertainty and delayed China deal.

ICE Futures canola prices recovered to near six-month highs Friday after an initial drop caused by U.S. Supreme Court ruling invalidating Trump’s global tariffs, which hurt soybeans and soyoil. Despite a midday decline, canola rebounded on strong technical signals and renewed buying, with May contract rising above C$680. Canada’s weekly exports jumped 38% to 257,100 tonnes, but year-to-date shipments remain below last year’s pace. Trade uncertainty persists, especially over China’s canola tariffs, with delayed progress on a new trade deal affecting farmer confidence.