Saskatchewan Canola Prices, Futures and Basis
Saskatchewan canola is priced off ICE canola futures, and the bid you get is that futures price plus or minus basis.
Basis moves with local demand, freight and crush margins, so it pays to track it separately from futures.
The guides below explain each piece, and the Premium Canola Dashboard has the current charts.
Start here
Frequently asked questions
What is canola basis?
Canola basis is the difference between your local cash bid and the ICE canola futures price. It reflects local demand, freight, crush margins and elevator competition. A stronger (less negative or more positive) basis usually means better demand relative to the futures market.
How does the ICE canola futures price affect my cash bid?
Your cash bid is roughly the nearby ICE canola futures price plus or minus basis. When futures move, your bid typically moves with them, but basis can tighten or widen independently based on local conditions.
Where can I see current Saskatchewan canola prices and basis?
The guides linked above explain how basis and crush margins work. For current charts and levels, use the Premium Canola Dashboard.
View the Premium Canola Dashboard →Canola cash, ICE futures and basis. Latest read, 28 September 2026: nearby futures closed at the 50-day moving average (808), with a bounce named toward 825 to 830, a weekly downside path to 700, and the Saskatchewan cash index holding above $17.00.
Dated levels from public posts: Monthly levels
How the sell signal works: Canola technical analysis and sell signals on klarenbach.ca.
