Canola is poised for more gains as the trade awaits the Trump administration’s decision on the latest biodiesel mandate, said Jamie Wilton, broker with RJ O’Brien in Winnipeg.
As spring planting approaches, farmers are busy planning which crops to seed this year and how much. With that, market thoughts have turned toward planted area projections, as Statistics Canada is set to issue its report on Thursday.
Farmers can now submit applications for a 2026 cash advance through the Canadian Canola Growers Association, which administers the federal Advance Payments Program.
China on Saturday sharply reduced its tariff rate on Canadian canola seed in the final ruling of a 17-month anti-dumping investigation, following a thaw in relations between Beijing and Ottawa.
Argentina is expected to reap 48 million tonnes of soybeans in 2025/26, the United States Department of Agriculture attaché in Buenos Aires said in a report released on Feb. 25. That’s slightly lower than the USDA’s official estimate of 48.50 million tonnes.
The Trump administration has settled on a plan that would require big oil refineries to make up for at least half of the biofuel blending volumes obligations waived in recent years under the Small Refinery Exemption program, according to three sources familiar with the discussions.
There are a number of unknowns that could affect where soy, corn and wheat prices go on the Chicago Board of Trade, said Sean Lusk, vice-president of Walsh Commercial Hedging Services.