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: Independent Seed, National Impact | On The Brink: Episode 9

A survey of 200 independent seed businesses reveals what Canada's seed sector actually contributes — and what it stands to lose.

On the Brink, Justin Funk, a third-generation agri-marketer, shares the findings of a national survey conducted in early 2026. The numbers reframe the conversation: independent seed companies in Canada represent upwards of $1.7 billion in dedicated seed infrastructure, approximately 3,000 full-time equivalent jobs in rural communities, and an estimated $20 million in annual community contributions. And roughly 90% of Canada's cereals, pulses, and other small pollinated crops flow through them.

The survey also asked how dependent these businesses are on public plant breeding to survive. The answer was unambiguous. For policymakers evaluating the future of publicly funded breeding programs, Funk argues the economic case for this sector and the case for public plant breeding are the same argument.

On the Brink is a cross-country video series exploring the future of plant breeding in Canada. Each episode features voices from across the industry in an open, ongoing conversation about innovation and long-term investment in Canadian agriculture.