Canola Bounces Back from Early Losses

Jun 11, 2021

Canola futures settled most highly on Thursday, with only the November contract posting a small loss at the close as prices recovered from earlier declines.

The eastern Prairies received rain yesterday, especially a strip through southern Manitoba that brought two to three inches. Outside of that, amounts were well under one inch. Meanwhile, subsoil moisture levels remain critically low throughout the region.

Declines in the Chicago soy complex put pressure on canola, as did losses in European rapeseed and Malaysian palm oil.

July canola gained $7.80 to $871.80, November was down $1.90 to $761.30 and January added 50 cents to $763.

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Video: Evolution of Beef Cattle Farming

The Clear Conversations podcast took to the road for a special episode recorded in Nashville during CattleCon, bringing listeners straight into the heart of the cattle industry. Host Tracy Sellers welcomed rancher Steve Wooten of Beatty Canyon Ranch in Colorado for a wide-ranging discussion that blended family history and sustainability, particularly as it relates to the future of beef production.

Sustainability emerged as a central theme of the conversation, a word that Wooten acknowledges can mean very different things depending on who you ask. For him, sustainability starts with the soil. Healthy soil produces healthy grass, which supports efficient cattle capable of producing year after year with minimal external inputs. It’s an approach that equally considers vegetation, animal efficiency, and long-term profitability.

That philosophy aligned naturally with Wooten’s involvement in the U.S. Roundtable for Sustainable Beef, where he served as a representative for the Colorado Cattlemen’s Association. The roundtable brings together the entire beef supply chain—from producers to retailers—along with universities, NGOs, and allied industries. Its goal is not regulation, Wooten emphasized, but collaboration, shared learning, and continuous improvement.