“But we lost a lot of acres… which suggests to me that some organic guys have let some of their organics land go. And they are growing canola on the side,” says Laura Telford. Photo: Greg Berg

ICE Canada Weekly: Canola set to climb higher

Supplies getting tighter

Canola has been on something of a tear for about a month with increases in 16 of its last 20 sessions on the Intercontinental Exchange as of Feb. 12. Despite a great amount of political chaos surrounding all of the markets, the Canadian oilseed is poised to climb higher for the rest of February, said broker Tony Tryhuk of RBC Dominion Securities in Winnipeg, Man.






Canola stands in a field in central Manitoba prior to harvest.

Canola prices in a pickle

Canola markets are facing pressure from trade action as Trump tariffs loom, even as supplies tighten

Threatened Trump tariffs have slipped canola prices into a predicament. The commodity’s futures on the Intercontinental Exchange are at a point where values could quickly plummet or spike higher.





Canola blooms in central Manitoba under an overcast sky.

Canola prices swing

Canola markets in week ending Jan. 17 saw ups and downs in lead up to Trump inaugeration

Canola markets in week ending Jan. 17 saw ups and downs in lead up to Trump inaugeration

(file photo)

Bunge-Viterra deal ‘effectively ends competition’ says NFU

Feds’ conditions not near enough to alleviate concerns

The National Farmers Union denounced the approval of the Bunge-Viterra merger in a statement released on Jan. 17. The NFU said the multi-billion dollar deal “effectively ends competition in Canada’s agricultural commodity sector,” as it creates the world’s largest agricultural commodity trader, and it will control 40 per cent of the Canadian grain market.