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ICE Close: Canola Ends Higher after Choppy Start

Canola futures found traction and closed higher on Friday after bouncing back and forth to either side of unchanged earlier in the day. 

Support came from good gains in Chicago soyoil, but further gains were tempered by losses in soybeans, soymeal and European rapeseed. Small upticks in global crude oil prices lent some spillover support to vegetable oils. The Malaysian palm oil market was closed for a holiday.  

Harvest progress across the Prairies continued to have a bearish effect on canola. However, rain over parts of Alberta and Manitoba on Friday did delay fieldwork in some cases.   

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Comparing the Economics of No-Till, Strip-Till & Conventional Systems

Video: Comparing the Economics of No-Till, Strip-Till & Conventional Systems

Conservation Ag Update, brought to you by Bio-Till Cover Crops, Univ. of Illinois analysts dive into new data from the Precision Conservation Management program, comparing the economic differences between no-till, strip-till and other tillage systems.

Plus, we head to Washington County, Wis., for an update on two farmers who dealt with historic flooding over the summer. Blake Basse credits strip-till and cover crops for helping his cash crops survive the “1,000-year” rain event, while Ross Bishop says his no-till fields are more resilient than his neighbor’s conventional fields.