FILE PHOTO: Customers speak with a salesman at a BYD dealership in Sant Cugat del Valles, near Barcelona, Spain, September 12, 2025. REUTERS/ Albert Gea/File Photo

Canadian canola futures vibing

It’s Your Business: Words from China’s ambassador were interpreted positively by the canola market

Recent comments from Chinese and Canadian officials offered a shot of positive vibes that lifted ICE canola futures to their highest levels in a month, even without any actual concrete developments on the trade front.

Canola stands ready for harvest in central Manitoba.

Vegetable oil demand may offset bad biofuel news

Global biodiesel/renewable diesel demand for canola oil to slump, but overall vegetable oil demand seen increasing

Global biodiesel and renewable diesel production is expected to decline for the first time in a decade, and that’s bad timing for a Canadian canola industry looking for new markets to sell the oilseed.