ICE Close: Canola Ends Lower after Choppy Day

Oct 14, 2022

Canola futures were weaker at Friday’s close, after trading to both sides of unchanged in choppy activity.

Losses in the Chicago soy complex accounted for some spillover selling pressure in the canola market, with solid farmer deliveries into the commercial pipeline another bearish influence. Just over 600,000 tonnes of canola were delivered into the commercial pipeline during the week ended Oct. 9, according to the latest Canadian Grain Commission report. Visible supplies increased to 1.43 million tonnes, from 1.24 million the previous week.

However, canola remains cheap compared to other oilseeds, with wide crush margins keeping end users on the buy side. Weakness in the Canadian dollar was also supportive.

November canola was down $8.10 at $862.30, January fell $8.60 to $869.10, and March lost $9.20 to $875.10.

Source : Syngenta.ca

Video: We’ll NEVER Use These Grain Bins Again!

A huge change is happening on the farm — our new grain bin has officially arrived, and that means we’ll never use some of our old grain bins again. In today's video, we take delivery of the new grain bin, look back at the old bins that have been part of our farm for years, and talk about why this upgrade is such a big deal for harvest, grain storage, and the future of our family farm.

This is more than just a grain bin delivery. It’s the end of an era and the start of a major farm upgrade that will completely change how we handle corn during harvest. From old grain storage to a brand-new bin setup, this project is one of the biggest improvements we’ve made at the farm.

Join me as the new grain bin shows up, the bin project continues, and we prepare for a new chapter in harvest efficiency on our Minnesota family farm.