“But we lost a lot of acres… which suggests to me that some organic guys have let some of their organics land go. And they are growing canola on the side,” says Laura Telford. Photo: Greg Berg

ICE Canada Weekly: Canola in a good position

July contract to hit C$700/tonne, just when?

Canola futures are expected to climb higher on the Intercontinental Exchange in the coming weeks, commented Phil Speiss, trader with RBC Dominion Securities in Winnipeg. How quickly that happens is dependent on whether demand rationing kicks in or not.


A pie chart showing 2025 Canadian crop seeded acreage, sourced from Statistics Canada

Canada to seed more wheat, less canola in 2025: StatCan

Farmers also seeding more peas, corn and oats

Canadian farmers intend to plant more wheat and less canola in 2025, according to the first survey-based estimates for the upcoming growing season from Statistics Canada released March 12. Area seeded to corn, oats and peas is also expected to rise, while soybeans, barley and lentils are forecast to lose acres.