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: Evolution of Beef Cattle Farming

The Clear Conversations podcast took to the road for a special episode recorded in Nashville during CattleCon, bringing listeners straight into the heart of the cattle industry. Host Tracy Sellers welcomed rancher Steve Wooten of Beatty Canyon Ranch in Colorado for a wide-ranging discussion that blended family history and sustainability, particularly as it relates to the future of beef production.

Sustainability emerged as a central theme of the conversation, a word that Wooten acknowledges can mean very different things depending on who you ask. For him, sustainability starts with the soil. Healthy soil produces healthy grass, which supports efficient cattle capable of producing year after year with minimal external inputs. It’s an approach that equally considers vegetation, animal efficiency, and long-term profitability.

That philosophy aligned naturally with Wooten’s involvement in the U.S. Roundtable for Sustainable Beef, where he served as a representative for the Colorado Cattlemen’s Association. The roundtable brings together the entire beef supply chain—from producers to retailers—along with universities, NGOs, and allied industries. Its goal is not regulation, Wooten emphasized, but collaboration, shared learning, and continuous improvement.