Canola pod.

Canola finding support despite seasonal pressures

It’s Your Business: Canola futures follow U.S. soy action, pending any progress on Canada/China canola trade

Despite harvest pressure as Prairie canola growers continue harvesting, ICE canola futures showed modest strength in the week ended Sept. 12 on chart signals and spillover from Chicago soyoil.





Photo: Canada Beef

U.S. livestock: Cattle markets mostly higher

Cattle futures on the Chicago Mercantile Exchange were mostly higher on Monday, although the nearby October live cattle contract settled with small losses at the final bell. The October live cattle contract lost 0.175 cents per pound at 235.800 cents while the December contract was up 0.125 cents at 237.575 cents. October feeder cattle futures

Australian crops to surpass 10-year averages

Australian crops to surpass 10-year averages

Canola 34 per cent above 10-year average

Australian farmers are forecast to grow slightly more canola and barley this year, while wheat production may dip, according to the latest estimates from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES).


A canola crop partially in swath near St. Adolphe, Man. in September 2023. Pic: Dave Bedard

Should you believe boots on the ground or satellites in the sky on Canadian canola production?

Expert’s Radar: It looks like StatCan’s newer high-tech monitoring protocols won the battle this past crop year

Questions remain over just how much canola was grown in Canada a year ago, and whether the satellites and computer models now producing most estimates are as reliable as ground-level surveys, given the data’s weight on canola prices.