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: From Students to Solutions | On The Brink: Season 2, Episode 14

Ask Canada’s most decorated soybean breeder his favourite part of the job and he doesn’t name a single variety. He names the students.

Istvan Rajcan is a professor of soybean breeding and genetics in the Department of Plant Agriculture at the University of Guelph, where he has run the soybean breeding program for 28 and a half years. In that time he has developed 87 soybean cultivars, published 140 refereed papers and trained 51 graduate students. In 2025 he received the Public Sector Impact Award from the National Association for Plant Breeding.

He is also worried. In this episode he says Canada is at a crossroads, pointing to recent government cuts to plant breeding programs and to the facilities that support them. His prescription is structural. "Plant breeding funding formula has to be a long-term one," he says.

The formula he is defending is the public-private matching arrangement his program runs on. Private seed companies fund the work, provincial or federal money matches it, and the combined pool stretches each dollar further than either source could alone. At the National Association for Plant Breeding annual meeting in June, he says American public breeders were often surprised at how well that collaboration works in Canada.

He also describes how the people entering plant breeding have changed. His early graduate students came mostly from farms. More recently they include, in his words, "city kids who just became excited about genetics."

Topics covered:

Why public-private plant breeding funding in Canada needs a long-term

commitment rather than a larger one

How matching private seed company investment with provincial and federal

dollars multiplies research capacity

How the graduate student pipeline into plant breeding has shifted from

farm kids to city kids