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ICE Close: Canola Dragged Down by Soybean Oil Losses

Canola futures suffered heavy losses to begin the week on weakness in Chicago soybean and soybean oil futures. 

The two US markets fell to their lowest in seven weeks amid uncertainty over US biofuel policy and rising trade tensions between the US and China after each country accused the other of undermining the terms of a mutual tariff pause struck last month. 

July canola lost $24.30 to $686.80, and November was down $20.70 at $667.90. 

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Why the Fertilizer Crisis Won’t End When the Iran War Does

Video: Why the Fertilizer Crisis Won’t End When the Iran War Does

The fertilizer crisis didn’t start with war — it revealed a system already under strain.

Seed World U.S. Editor Aimee Nielson breaks down what’s really happening in global fertilizer markets and why the impact on farmers may last far longer than current headlines suggest. Featuring insights from global fertilizer expert Melih Keyman and industry leaders Chris Abbott and Chris Turner, this conversation explores:

Why fertilizer supply was already tight before geopolitical disruption

What the Strait of Hormuz and global trade routes mean for input availability

How rising nitrogen prices are crushing farmer margins

Why this crisis could affect seed choices, crop mix and acreage decisions

The hidden risks around phosphate and sulfur supply

Why experts say this situation may get worse before it gets better

Even if tensions ease, the underlying issues — supply constraints, investment gaps and purchasing behavior — are still in play.

Watch to understand what this means for farmers, the seed industry and the future of global food production.