Canola blooms near Stockholm, Sask, July 20, 2024.

Canola at $600/tonne — will it or won’t it?

Lowered StatCan estimates provide fuel for the fire in the canola market

Statistics Canada's downward revision of the Canadian canola crop led prices to increase during the week ended Sept. 19. However, it's uncertain whether the November contract will reach the psychological level of $600/tonne.





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Saskatchewan crop report: Hot, dry conditions help harvest

Saskatchewan’s harvest was more than halfway finished at 61 per cent complete, although not as much as the 68 per cent complete from one year ago. The figure was higher than the 42 per cent reported last week, the five-year average of 50 per cent and the 10-year average of 46 per cent. The southwest region was the nearest to completion at 85 per cent while the northeast region’s harvest was only at 34 per cent.