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Canola Returns to Winning Ways

Canola futures got back to their winning ways on Thursday, closing higher ahead of the Christmas break.
 
Concerns over tight Canadian canola supplies remained supportive as the market bounced back from liquidation and profit taking losses the previous day. Strength in Chicago soyoil and Malaysian palm oil added to the upside in canola, which continues to trade near 2013 highs. European rapeseed was narrowly mixed on the day.
 
Strength in the Canadian dollar was a limiting factor.
 
Volatility is expected to be a feature of next week’s trade, amid small volumes.
 
January canola was up $7 at $630.90, March added $7.60 to $628.40 and May gained $6 to $616.10.
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Farming Next to a Pond!

Video: Farming Next to a Pond!

Farming in Minnesota, the land of 10,000 lakes we farm right next to a pond. In today’s episode, we begin digging a field next to a pond. It’s important when using the large machinery to pay extra attention to this farm, so the equipment doesn’t take a swim. The equipment seems big, until I get it out into a 200 acre field.