Canola Hit $800: Sell, Hedge, or Wait?
Canola futures just touched $800/tonne, and the big question for farmers is simple: sell, hedge, or wait? In episode 125 of What the Futures, Ryan Denis breaks down the emotional side of $800 canola, why farmers freeze after selling too early, and how to think through risk management when prices suddenly move. Susan Stroud of No Bull Ag joins to explain the biofuel, RIN, soybean oil, weather, policy, and trade forces behind the canola rally. Later, Blake Wyseth of Western Ag joins Ryan to talk CropCaster, soil fertility, fertilizer rates, yield potential, and why the most profitable yield is not always the maximum yield. Guests: Susan Stroud — No Bull Ag Blake Wyseth — Western Ag Links & Resources mentioned: Ryan Denis/email list / Strategy Room: https://www.ryandenis.ca/ What the Futures Podcast: https://www.whatthefuturespodcast.ca/ Email Ryan: [email protected] No Bull Ag: https://www.nobullag.com/ AgriNext St. Louis: https://www.nobullag.com/agrinext Western Ag / PRS CropCaster: https://www.westernag.ca/professional... Grow More Profit: https://www.growmoreprofit.com/ UPL WAVE Biostimulant: https://www.uplcorp.com/ca/product-de... John Deere Canada: https://www.deere.ca/ John Deere Operations Center: https://www.deere.ca/en/technology-pr... Harvest Profit: https://www.harvestprofit.com/ ⏰ Timestamps: 00:00 Canola touches $800/tonne 01:37 Why $800 canola matters right now 04:54 Seeding wrap-up, wet acres, and prairie rain 08:09 John DePape, wheat basis, and Brandon conference note 08:54 Ryan’s $800 canola strategy setup 18:25 Susan Stroud joins the show 20:17 Why canola is waking up 21:17 RINs, biofuel policy, soybean oil, and canola oil 25:10 RVO demand, feedstocks, tariffs, and trade barriers 30:07 Weather, the Canadian crop, Australia, and El Niño risk 33:52 The “sold too soon” problem 37:00 Why lifting hedges can get dangerous 38:37 Policy risk and negative headlines 42:05 Basis, spreads, crush margins, and meal 43:50 Susan’s AgriNext event in St. Louis 49:13 Blake Wyseth and Western Ag setup 50:37 Soil fertility meets crop marketing 52:07 Why fertilizer economics matter 1:03:09 Western Ag’s full-season CropCaster process 1:10:09 Denis Farms CropCaster snapshot 1:15:10 Sulfur, nitrogen, potassium, and crop residue 1:23:19 The soil science behind PRS CropCaster 1:28:56 John Deere, Harvest Profit, and farm data 1:29:59 Ryan’s strategy talk: protecting $800 canola 1:31:40 Eating Your Veggies: crop progress and bias check 1:33:21 Final thoughts 🎧 Listen to the show on the go. https://open.spotify.com/show/3xz7OvO... https://podcasts.apple.com/ca/podcast... 🧑🏼🌾 Follow on Instagram and X for more market insights. / whatthefuturespod https://x.com/wtfuturespod Email Ryan: [email protected] What the Futures Podcast Website: https://www. whatthefuturespodcast.ca Thanks to our Sponsors John Deere https://operationscenter.deere.com/ UPL https://www.uplcorp.com/ BrettYoung https://brettyoung.ca/ #Canola #CropMarketing #AgMarkets