More Setbacks for Canola

Jun 14, 2022

Canola futures continued to lose ground on Monday, adding to the sharp losses incurred late last week.

A major sell-off in the stock and equities markets fueled much of the decline, while additional pressure came from downturns in the Chicago soy complex and European rapeseed. There were slight gains in Malaysian palm, as well as global crude oil prices.

Rain for the next few days is expected to slow any remaining spring planting on the Prairies, especially in the wetter eastern regions.

July canola fell $16.90 to $1,087.20, November dropped $15.60 to $1,028.60 and January lost $16.40 to $1,034.10.

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Video: Fendt Testimonial | Fendt 726 Vario Gen7 | Peter Watson Jones Ltd.

What happens when a farm buys its first Fendt? For Peter Watson Jones Ltd, the Fendt 726 Vario Gen7 has exceeded expectations from day one. For Jack, Farm Manager at Peter Watson Jones Ltd in North Shropshire, UK, the Fendt 726 Vario Gen7 wasn't just another tractor purchase. It was the farm's first experience with the Fendt brand.

Operating across a 1,200-acre arable farm alongside a 250,000-head broiler enterprise, the business has evolved significantly over the last decade, moving to a straight arable system with fewer staff and machines. Since arriving on the farm, the Fendt 726 Vario has established itself as the main drilling and cultivations tractor, earning its place through performance, versatility and efficiency. Whether it's handling large-scale cultivations or working with a new 4.5m strip-till drill, the tractor continues to impress.

Jack highlights its excellent manoeuvrability, operator comfort and ability to deliver strong pulling power at low engine speeds. The result? Outstanding fuel efficiency without compromising performance. Reliability has also been a key factor, with dependable backup from the team at TR Machinery helping to keep the tractor working when it matters most.

?? Watch as Jack shares why the Fendt 726 Vario Gen7, the farm's first Fendt, has made such a strong impression and become an integral part of their operation.