ICE Close: Canola Spikes to Start Week

Aug 23, 2022

Canola futures closed stronger on Monday, with support coming from good gains in the Chicago soy complex and European rapeseed.

Some of the strength in the soy complex was linked to drought in China, which is threatening that country’s soybean crop and may lead to increased imports.

Relatively good conditions for the Prairie canola crop remained an undermining factor. Rain is forecast for the early part of this week, but dry weather is expected to return for the remainder of the week and into the weekend, which should allow further harvest progress.

November and January canola both gained $28.40 to close at $846.80 and $855.30, respectively. March was $26.40 higher at $859.20.

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Video: Dr. Emerson Nafziger: Nitrogen Fertilizer Rates for Corn

The Crop Science Podcast Show, Dr. Emerson Nafziger from the University of Illinois breaks down decades of nitrogen research. From the evolution of N rate guidelines to how soil health and hybrid genetics influence nitrogen use efficiency, this conversation unpacks the science behind smarter fertilization. Improving how we set nitrogen fertilizer rates for rainfed corn is a key focus. Discover why the MRTN model matters more than ever, and how shifting mindsets and better data can boost yields and environmental outcomes. Tune in now on all major platforms!

"The nitrogen that comes from soil mineralization is the first nitrogen the plant sees, and its role is underestimated."

Meet the guest:

Dr. Emerson Nafziger is Professor Emeritus of Crop Sciences at the University of Illinois at Urbana-Champaign, with degrees in agronomy from Ohio State, Purdue, and Illinois. His research has focused on nitrogen rate strategies and crop productivity. He co-developed the Maximum Return to Nitrogen (MRTN) model, which is widely used across the Midwest. His research spans N response trials, hybrid interactions, crop rotation effects, and yield stability.