Canola Weaker, but Off Lows

Dec 09, 2021

Canola futures ended weaker at Thursday's close, but well off its session lows as investors reacted to a relatively neutral monthly supply/demand report from the USDA.

The report included only minor adjustments to the global numbers, with the US balance sheet left unchanged on the month. Soyoil futures finished lower following the neutral report, while soybeans and meal both posted gains.

Speculative profit-taking contributed to the declines in canola, although the underlying fundamentals of tight supplies remained supportive on the other side. A weaker tone in the Canadian dollar also helped temper the losses.

The most active January contract dipped below the psychological C$1,000/tonne mark at one point during the session but managed to settle well above that level.

January canola fell $2.70 to $1,008, March was down $1.10 to $981.70 and May lost $2 to $946.60.

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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.