A close-up of a lone soybean plant nearly ready for harvest. The remainder of the crop is blurry in the background.

Canada becomes major soybean oil importer

Imports driven by the rise of a renewable diesel sector in Newfoundland and Labrador, which buys from Argentina

Canada has rapidly become the world’s second largest importer of soybean oil. It is being imported as a feedstock for the Braya Renewable Fuels plant in Newfoundland and Labrador.



A tractor pulling an air seeder has just come over a hill in a stubble field.

Delay in fertilizer purchases could prove costly

Many farmers put off buying fertilizer last fall due to low grain prices, but the war in Iran is now pushing up prices

A lot of farmers delayed their fertilizer purchases last year waiting for commodity prices to rise and to free up bin space and that that is going to cost them.



Speculators add to bullish bets in canola

Speculators add to bullish bets in canola

The speculative net long position in canola continues to grow, hitting its largest level in eight months according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC) released Friday, March 20.