Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211


Agricultural News

The Battle Between Wheat and Canola - Rabobank's Outlook for Grain and Oilseeds in Canada

Mon, 18 Dec 2017 16:16:58 CST

The Battle Between Wheat and Canola - Rabobank's Outlook for Grain and Oilseeds in Canada The continued global demand for wheat with a higher protein content is good news for Canada's exports. That leaves wheat producers in a good place, but they're not the only ones - the demand for canola oil is expected to provide higher margins than for wheat. An increase in the domestic crush of Canadian canola is anticipated due to overall demand for canola oil, even though global surpluses of soybean and palm oil are pulling prices down slightly. These are the findings in a new report from the RaboResearch Food and & Agribusiness group.

The report, "Wheat and Canola Battle for Dominance: Canada's Long-Term Grain & Oilseed Outlook" discusses the wheat and canola crops and anticipated changes in the market over the next eight years.

"The total harvested area for grains and oilseeds in Canada has reached a new record in 2017, at over 25.6 million hectares (63.3 million acres)," notes RaboResearch Food & Agribusiness, Senior Grains & Oilseeds Analyst Sam Funk. "It was also the first year that canola held the largest share of planted area."

It is critical Canadian producers take advantage of the high protein wheat while there is still a premium for it in the global market. Shifts in global vegetable protein and oil markets, specifically soybean and palm, will impact domestic crush and export demand for Canada's canola crop.

Source - Rabobank



WebReadyTM Powered by WireReady® NSI


Top Agricultural News

  • Emergency Drought Commission Approves Three Million Dollar Cost Share Program to Push Back Against Drought  Sat, 01 Oct 2022 15:07:05 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2 p.m. September 30, 2022  Fri, 30 Sep 2022 16:43:53 CDT
  • Chairman David Scott Releases Statement Congratulating Vincent Garfield Logan on His Confirmation to Farm Credit Administration Board  Fri, 30 Sep 2022 15:07:33 CDT
  • Op-Ed from Kenneth Corn: USDA- We Serve Rural Communities Too  Fri, 30 Sep 2022 14:57:02 CDT
  • Hard Red Winter Wheat production lowest since 1957  Fri, 30 Sep 2022 14:44:28 CDT
  • Latest Southern Plains Perspective Blog: Hot, dry, dust and smoke all outside the back door.  Fri, 30 Sep 2022 13:47:21 CDT
  • Wheat Production Estimates for Oklahoma Fall Six Percent from August to September   Fri, 30 Sep 2022 12:16:36 CDT
  • Younger Cows are Starting to Come to Town, Says Bob Rodenberger  Fri, 30 Sep 2022 10:46:55 CDT

  • More Headlines...


    Ron salutes our daily email sponsors!

    Oklahoma Beef council Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Oklahoma City Farm Show Union Mutual Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.


    Search OklahomaFarmReport.com

    © 2008-2022 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.