Canola Rallies with Soy Complex

Canola futures ended stronger on Wednesday, as a rally in the Chicago Board of Trade soy complex on the back of a pair of bullish reports provided support.

Acreage and quarterly stocks numbers from the USDA sparked a rally in soybeans, which spilled into canola, with planted area coming in well below trade expectations and quarterly stocks seen as tight. Record-high temperatures across Western Canada this week, with little precipitation in the immediate forecasts to alleviate the heat, contributed to the gains in canola.

Canadian markets will be closed Thursday for Canada Day, while US markets remain open. Positioning ahead of the holiday likely accounted for some of the activity in canola. U.S. markets will be closed Monday, July 5, for Independence Day.

July canola was up $30 at $839.50, November added $17.10 to $811.70 and January was $20.70 higher at $809.
 

Video: Demco Liquid Tender Trailer Evolution — Mixing, Plumbing & Automated Tender Solutions

Take a deep dive into the evolution of the Demco Liquid Tender Trailer—one of the most popular tender systems in agriculture over the past six years.

In this video, Benji Van Green, Director of Sales at Demco, walks through how customer feedback has shaped the trailer into a complete, high-efficiency chemical handling and mixing platform for modern spraying operations.

Key Features:

— NEW Automated Dura Mixing System

— High-capacity tank system

— Advanced tender options

— And more!

Designed to function like a grain cart for sprayers, the Demco Liquid Tender Trailer keeps self-propelled sprayers moving, reduces downtime, and improves efficiency across multiple spray passes each season.