ICE Close: Veg Oil Weakness Leads Canola Lower

Aug 25, 2022

Canola futures closed lower on Wednesday amid pressure from losses in other vegetable oils.

The Chicago soy complex ended in the red and there were losses in European rapeseed and Malaysian palm oil. On the other hand, global crude oil prices were moved higher, helping veg oils come off their lows.

Some caution remained the market ahead of Statistics Canada’s first official production estimates for this year, due for release on Aug. 29. Statistics Canada is likely to place the canola crop at about 20 million tonnes, but the actual harvest is probably closer to 18.5 million, a trader said.

November canola was down $6.80 at $843.60, January fell $6.10 to $852.30, and March dropped $4.90 to $858.

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Video: Seeing the Whole Season: How Continuous Crop Modeling Is Changing Breeding

Plant breeding has long been shaped by snapshots. A walk through a plot. A single set of notes. A yield check at the end of the season. But crops do not grow in moments. They change every day.

In this conversation, Gary Nijak of AerialPLOT explains how continuous crop modeling is changing the way breeders see, measure, and select plants by capturing growth, stress, and recovery across the entire season, not just at isolated points in time.

Nijak breaks down why point-in-time observations can miss critical performance signals, how repeated, season-long data collection removes the human bottleneck in breeding, and what becomes possible when every plot is treated as a living data set. He also explores how continuous modeling allows breeding programs to move beyond vague descriptors and toward measurable, repeatable insights that connect directly to on-farm outcomes.

This conversation explores:

• What continuous crop modeling is and how it works

• Why traditional field observations fall short over a full growing season

• How scale and repeated measurement change breeding decisions

• What “digital twins” of plots mean for selection and performance

• Why data, not hardware, is driving the next shift in breeding innovation As data-driven breeding moves from research into real-world programs, this discussion offers a clear look at how seeing the whole season is reshaping value for breeders, seed companies, and farmers, and why this may be only the beginning.