Farms.com Home   News

ICE Close: Soyoil Strength Supports Pushes Canola to More Gains

Canola futures continued to chug higher Thursday, with gains in the nearby contracts once again outpacing the advances in new-crop November. 

Strong gains in Chicago soybean oil spilled over to support canola, with advances in European rapeseed also helping to boost the market. Palm oil was little changed. Tightening old-crop supplies continue to underpin canola as well, with the July contract now at a more than $40/tonne premium to November. 

May canola jumped $16.40 to $692.40, and November was up $4.20 at $657.10. 

Click here to see more...

Trending Video

Grazing Tips From a Pro - Leeds County Pasture Walk Part 1

Video: Grazing Tips From a Pro - Leeds County Pasture Walk Part 1

Presented by Brad & Karen Davis, owners of Black Kreek Ranch, Anita O'Brien, Grazing Mentor, and Christine O'Reilly, Forage & Grazing Specialist with the Ontario Ministry of Agriculture, Food and Rural Affairs. Watch each video from this event to learn about grazing tips, water systems, setting up fencing, working with net fencing, electric fencing tips, grass growth and managing grazing, gates and laneways, and frost seeding. The Leeds County Pasture Walk in 2023 was delivered as part of the Farm Resilience Mentorship (FaRM) Program's Advanced Grazing Systems.