Canola Tumbles Hard

Jan 13, 2022

Canola futures were sharply lower on Thursday in the heaviest trading session in a number of weeks. There was significant weakness in the old-crop months, with new-crop positions seeing more modest declines.

Oilseed markets in general were pressured by a much better forecast for South America, where much-needed rain, along with cool temperatures, is expected over the weekend. Additional pressure came from much smaller losses in Malaysian palm oil, while a step back in global crude oil prices weighed on edible oils.

The Canadian dollar was slightly higher at the noon hour, which put more pressure on canola.

March canola fell $29.90 to $984.80, May was down $20.50 at $971.30 and new-crop November lost $4.20 to $795.80.

Click here to see more...

Video: Evolution of Beef Cattle Farming

The Clear Conversations podcast took to the road for a special episode recorded in Nashville during CattleCon, bringing listeners straight into the heart of the cattle industry. Host Tracy Sellers welcomed rancher Steve Wooten of Beatty Canyon Ranch in Colorado for a wide-ranging discussion that blended family history and sustainability, particularly as it relates to the future of beef production.

Sustainability emerged as a central theme of the conversation, a word that Wooten acknowledges can mean very different things depending on who you ask. For him, sustainability starts with the soil. Healthy soil produces healthy grass, which supports efficient cattle capable of producing year after year with minimal external inputs. It’s an approach that equally considers vegetation, animal efficiency, and long-term profitability.

That philosophy aligned naturally with Wooten’s involvement in the U.S. Roundtable for Sustainable Beef, where he served as a representative for the Colorado Cattlemen’s Association. The roundtable brings together the entire beef supply chain—from producers to retailers—along with universities, NGOs, and allied industries. Its goal is not regulation, Wooten emphasized, but collaboration, shared learning, and continuous improvement.