The canola sector expects the biofuel boom to launch it to new heights.

Livestock feed markets and the ‘big oil deficit’

Biofuel boom likely to spill into lower meal prices

Food and feed are the main sources of global demand for crops but climate-related policies could tip that apple cart. Governments are making legislative overtures to boost production of biofuels. In Canada, that includes the Canadian Clean Fuels Regulation, which lays out rules for fuel production and aims to encourage development of cleaner fuels and


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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.







ICE November 2023 canola with 20- and 50-day moving averages and January 2024 canola (black line). (Barchart)

ICE weekly outlook: Upside seen for canola prices

'Aggressive manipulation' seen as a factor

MarketsFarm — Early gains were followed by late losses on ICE Futures’ canola market during the week ended Wednesday. The November canola contract began the week at $704.60 per tonne before rising up to $725.80/tonne on Monday, then ending the week at $711.70. The January contract went in similar directions, starting at $710.10/tonne before moving


ICE November 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: Canola ‘due for a bounce’

Weather co-operating, mostly, for Prairie harvesting

MarketsFarm — A month-long decline of ICE Futures canola prices, which saw the oilseed lose $110 per tonne, came to an end and was followed by a bounce-back. While the price of the November canola contract still declined by $10/tonne to $726.10 during the week ended Wednesday, it hit its lowest price since the end

ICE July 2023 canola with 20-day moving average (yellow line, right scale) and CBOT July 2023 soybean oil (dark green line, left scale). (Barchart)

ICE weekly outlook: Canola market rising into summer

New StatCan acreage estimates out next week

MarketsFarm — ICE Futures canola contracts have climbed steadily higher since their late-May lows, nearing chart resistance to the upside on the first day of summer. Updated renewable fuel targets released by the U.S. Environmental Protection Agency failed to live up to expectations, sparking a speculative selloff in soyoil. While the limit-down move in soyoil