Canola Shortfall Continues To Impact Prices

Nov 30, 2021

Canola prices continue to hover around $1,000 per tonne.

Brian Voth, president of IntelliFARM Inc., commented on the reasoning behind the high prices.

"I think the biggest driver is just the lack of production in Canada, coupled with a lot of buying from China in the past six to eight months, which has really led to these diminished balance sheets on canola and a multitude of other commodities. That has continued to fuel canola prices," he said. "We went into this year with relatively low overall stocks, with a production that's sixty per cent or whatever the number's going to be of normal. Obviously, we'll get those numbers out here at the end of the week from Stats Canada on our final production estimate but it's going to be a fraction of a normal canola crop. That has kept prices up at these elevated levels and continuing to move higher because we don't have enough canola to satisfy the historical export demand along with domestic crush."

Voth doesn't see canola falling apart, barring some collapse in all of the other grains and oilseeds.

He also doesn't expect canola to gain acres in 2022, considering the dryness that remains across Saskatchewan and Alberta.

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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.