Canola Prices To Take Slight Downturn In 2017, Says Market Analyst

May 29, 2017

A market analyst says Saskatchewan farmers can expect a small downturn in canola prices in 2017.

Neil Townsend with FarmLink Marketing Solutions predicts a record-seeded canola acreage this year, which could have an impact on prices.

“The price outlook for canola is down year on year, but still relatively healthy,” said Townsend. “We’re looking at, in central Saskatchewan, an average price of around $10.75 to $11 per bushel for the 2017-18 marketing year.”

He added that there are concerns about world wheat supplies, including the U.S. planting intentions.

“We’ve got the protein story in North America and we’ve got that global corn stock lower than expected,” explained Townsend. “Wheat stock is also projected lower in the eight major exporters’ cumulative.”

Townsend said he doesn’t think the jump is too great at the moment, but added that some form of significant weather failure would push prices upward.

Source : CKRM

Video: Agriculture Secretary Rollins Speaks at American Farm Bureau Federation Convention in Anaheim

One of the highlights at the 2026 American Farm Bureau Federation Convention in Anaheim, California, was an address by U.S. Secretary of Agriculture Brooke Rollins. During her remarks, she thanked America’s farmers and ranchers and said the Trump Administration is fully aware that food security is national security.

She also acknowledged the challenging times in Farm Country with low commodity prices and high input costs and said that’s why the President stepped in to help with the recent Bridge Assistance Program.

Montana Farm Bureau Federation Executive Vice President Scott Kulbeck says that Farm Bureau members are appreciative of the help and looks forward to working with the American Farm Bureau Federation and its presence in Washington, DC to keep farmers and ranchers in business.

Secretary Rollins said the Trump Administration is also committed to helping ranchers build back America’s cattle herd while also providing more high-quality U.S. beef at the meat case for consumers.

And she also announced more assistance for specialty crop producers who only received a fraction of the $12 billion Farmer Bridge Assistance (FBA).

It’s important to note that producers who qualify for Farmer Bridge Assistance can expect the Farm Service Agency to start issuing payments in late February. For more information, farmers and ranchers are encouraged to contact their local USDA Service Center.