Canola Futures Feeling the Energy

Oct 08, 2021

Tight Canadian supplies have helped lift canola futures to near the top of a three-month trading range but more recent strength – and future market direction – may be more closely tied to the energy complex.

"There seems to be a mindset shift occurring here, and its making canola become a pure energy play," said analyst Mike Jubinville of MarketsFarm.

With crude oil, natural gas, and other energy markets seeing strength around the world, Jubinville said canola appears to be getting caught up in the updraft. As long as the bullish momentum is being maintained in the energy sector, it's hard to envision canola falling back in any sustained fashion, he added.

Rapeseed grown in Europe is a major feedstock for biodiesel production there, with rapeseed futures trading at record high levels. Jubinville expected activity in European rapeseed would be a key feature to watch in the Canadian canola market.

"(But) if we have a change in momentum in the energy sector, that will extinguish this current rally," he added.

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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.