Harper Government Announces $43,000 Investment for Canola Sector

Sep 18, 2012

Minister Ritz Gives Canadian Canola Sector a Boost

Canadian Agriculture Minister Gerry Ritz announced $43,000 in funding for the Canola Council of Canada to invest in research and a long-term strategic plan to continue to bolster profits for canola farmers. "Research and innovation are key in the success of the Canadian canola sector," said Minister Ritz. The industry will utilize the investment dollars to focus on improving canola germplasm and the development of new varieties. Canada’s canola industry contributes $15.4 billion to the economy and generated more than 228,000 jobs. Canola is also Canada’s number –one generator in farm cash receipts totalling $5.6 billion annually.

To date, the industry has been successful in oil nutrition research, mean research and production research. The investment is not only good for canola farmers but will benefit the economy as a whole. The investment was made possible through the Agriculture Innovation Program (AIP) that seeks to equip the agriculture community with the tools necessary to access cutting-edge technology.

Video: USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension

USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.