The canola farmers attending the KMOT Ag Show had a bounce in their step. Northern Canola Growers Association Executive Director Barry Coleman says there is a lot of enthusiasm about the canola market. “We’re seeing both old crop and new crop prices at record levels.” Canola oil is trading at a premium to soybean oil, which is unusual. U.S. canola acres are projected to increase more than ten percent this year; Canadian acres are expected to be up five-to-six percent. “Even with that increase, they’re saying the ending stocks are going to stay at rock bottom levels right into next year.”
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