The ups and downs of canola futures markets

The ups and downs of canola futures markets

Changes in moisture fortunes shift markets

Canola futures hit their strongest levels of 2024 in early May before backing off those highs as losses in outside markets and improving Prairie moisture conditions slowed the upward momentum. July canola hit a session high of C$669.10 per tonne May 7, with the new-crop November contract hitting its year-to-date peak at C$682.10 per tonne.

Seeding progression in 2024 compared to previous years.

Seeding pace picks up across agro-Manitoba

Manitoba Crop Report: Issue 3 (week 19)

Rapid seeding has progressed across the province this past week and is now at 30 per cent complete. Producers have focused on planting corn (60 per cent complete), cereals (58 per cent complete) and peas (72 per cent complete). Canola planting has just started with 6 per cent of the acres being planted. Producers are



Photo: Canstock

Canada’s crush boom to benefit Aussie canola

A significant increase in domestic crush capacity is expected to lower exports and reduce competition for Australia

Commonwealth Bank of Australia is forecasting reduced competition from its main competitor and continued strong demand from its top export market.


What will drive grain prices higher?

What will drive grain prices higher?

Expert's Radar: Much of the recent news surrounds transportation in one way or another

Weather conditions through spring seeding will be a major market-moving factor over the next few weeks, but news on the transportation front may also sway values. Planes — The United States government announced long-anticipated guidance on its subsidy program for sustainable aviation fuel (SAF) on April 30. The announcement only covers the next year, but

The annual Keep It Clean product advisory identifies products that could create market access issues.

Keep It Clean urges caution on grains

Annual product advisory helps farmers maintain market access

It’s nearly impossible for farmers to stay on top of the varied regulations set by various countries where their grain may be destined. Fortunately, Canadian farmers have an easy-to-follow tool to help them navigate these murky waters. “What we produce here in Canada far exceeds our domestic demand, so we need to rely on our export markets to continue


Hallie Shoffner field tests ag tech systems on her farm in Arkansas in exchange for equity in the startups.

Meet the farmers turned venture capitalists

Co-op members trade on-farm data into equity stake in ag tech startups

When Hallie Shoffner runs a trial on her Arkansas farm, she gets an equity stake in the startup whose product she’s testing. She’s a member of AgLaunch, a non-profit focused on boosting agricultural technology development. The equity is part of her reward for participating in their farmer network. “It has always bothered me that ag

A wild ride to nowhere for canola prices

A wild ride to nowhere for canola prices

In this case it was the journey, not the destination, that was exciting

Canola futures on the Intercontinental Exchange closed out the week ending May 2 pretty much right back where they started. The July contract closed on Apr. 25 at $636.90 per tonne, fell back, and then worked back to the same price. It was a very similar story for the new crop November contract, from $653.70/tonne