Canola markets looking to steady after March dip

Apr 14, 2023

Canola is looking at what could be yet another good year, following a few external factors.

This included the same issue that had affected most of Canadian agriculture, the war in Ukraine.

Neil Townsend, Senior Market Analyst at FarmLink Marketing Solutions, details some of the good points before a reverse began.

"We've had a pretty good year, in terms of canola. We had high prices for the bulk of the year, a good opportunity. I think for a lot of Canadian farmers it kinda seems like out of nowhere the market starts to reverse. That was a combination of great weakness in the EU market prompted partly by an inflow of imports from Ukraine."

As well, another competitor had a great record year which impacted the canola market.

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Video: Do Cold Temps Impact Emerging Corn & Soybeans? | Pioneer Agronomy

A cold snap swept across west central Minnesota and eastern South Dakota, bringing frost, fog, and temperatures dipping into the 20s—raising urgent questions about early crop damage.

Pioneer Agronomist Eric Rice breaks down what those overnight temperatures could mean for emerged corn and soybeans, how to assess frost injury, and why patience is key before making any replant decisions. Learn the critical differences between corn and soybean growing points, what cosmetic vs. serious damage looks like, and how last week’s high winds may also be influencing what you’re seeing in the field.

Watch for:

• Frost thresholds for early-season crop damage

• Why corn may be more resilient than it looks

• Soybean growth stages and frost susceptibility

• How to evaluate brittle stems and discolored tissue

• Why waiting 4–5 days before assessing stand loss matters

• When to contact your local Pioneer agronomist or sales representative