Canola TV - Canola Crushing Wraps Up 2011 Canola CropTue, 20 Dec 2011 12:53:30 CST
In the latest edition of Canola TV, we talk with Gene Neuens of PCOM about the 2011 canola crop and how the crop is holding up as the year comes to a close. Neuens says that Oklahoma had a fair crop for 2011 despite some weather difficulties such as drought and even cold weather.
The oilseed content was down to about 38-39% says Neuens, while the oil content has been running about 42% usually. Overall, Neuens says the canola crushing was good and they will be crushing canola all throughout the winter months. Neuens adds that learning how to crush canola has been a beneficial process because this year the crop is going to depend on it.
Compared to wheat, Neuens says he predicts the prices of canola to be fairly steady and wheat prices to go down a little due to the large amount of carryover. The price of canola throughout 2011 was a fairly consistent and decent price and Neuens predicts that to continue.
Click on the play button in the screen below to watch the newest Canola TV with Gene Neuens of PCOM.
Canola TV is a service of PCOM, Producers Cooperative Oil Mill. Click here to visit their website.
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