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It's Canola Week!

Canola Week this year has gone virtual.
 
Canola Council of Canada President Jim Everson told participants yesterday that market access is a top priority for the industry going forward.
 
"We're calling on the Federal Government to bolster support for market access activities particularly in Asian markets. We also need to ensure that trade agreements we've signed are implemented as fully as possible and that our regulatory system in Canada is responsive and positive to innovative strategies."
 
Everson told the group that they continue to move forward on a number of issues from market access to research and innovation.
 
Right now, they administer more than $12 million in Federal research with the Canola Agri-Science Cluster under CAP.
 
"When combined with contributions from grower organizations and industry the total investment through this program is more than $20 million over five years.
It's all focused on growing the economic and environmental benefits of Canola by moving us towards an industry strategic goal of 26 million metric tonnes of sustained canola supply and demand by the year 2025."
 
Participants also got an update on the situation with China, Canola research and fertility. 
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USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension

Video: USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension


USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.