Is the biofuel market cooked?

Is the biofuel market cooked?

A flood of cheap imported feedstocks like used cooking oil from China is undermining growth in the U.S. biofuel market for crops like canola and soybeans

A flood of cheap imported feedstocks like used cooking oil from China is undermining growth in the U.S. biofuel market for crops like canola and soybeans.


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

Canola goes bullish

A few factors have lined up to improve the outlook for canola

Canola futures markets have improved by about $100 per tonne over the past month, trading in mid-October at their highest levels since the end of July.




Photo: Greg Berg

ICE canola weekly outlook: Weak soybeans a “problem”

The ICE Futures canola market backed away from nearby highs during the week ended Oct. 16, as losses in Chicago soybeans and soyoil weighed on values. With the canola harvest in its final stages across Western Canada, the market will likely settle in a sideways range while looking to outside influences for direction.