Old-Crop Canola Finishes Mixed

Dec 21, 2021

Canola futures were mixed on Monday in the heavily traded old-crop months, while there was a sharp decline in the sparsely traded new November contract.

Chicago soyoil came off of earlier lows, but still weighed on canola values, as did declines in Malaysian palm oil. European rapeseed finished mixed, with losses in its front months.

The December supply-demand update from Agriculture Canada featured revisions to exports and domestic use compared to last month but 2021-22 canola ending stocks were maintained at 500,000 tonnes. Tight canola supplies and the need to ration demand underpinned values.

January canola fell $1.10 to $1,013.20, March was down 50 cents at $1,002.20 and May gained $2.10 to $967.50.

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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.