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Canola Falls Sharply

Canola futures were sharply lower on Wednesday, with a number of factors contributing to the declines.

Speculative profit-taking was behind much of the weakness, with that selling building on itself and exaggerating the declines as many traders looked to exit positions at the same time. Losses in Chicago Board of Trade soyoil futures and strength in the Canadian dollar combined to cut into crush margins, adding to the softer tone.

Much needed rains in parts of Western Canada were also bearish, although drought concerns remained supportive overall, with the moisture at this stage unlikely to improve the yield outlook.

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Future of Labour in Protein

Video: Future of Labour in Protein

Are you interested to learn more about the type of skills that will be in demand in the upcoming years? Manitoba Agriculture and Resource Development has partnered with Food & Bio Cluster Denmark, International Food Recruitment Alliance (Netherlands), Food Processor of Canada, Food Processing Skills Canada, and Enterprise Machine Intelligence & Learning Initiative (Manitoba) to deliver a webinar on the Future of Labour in Protein