One topic that is dominating many coffee shops is the planting indecision of farmers across the prairies. Canola is one of the crops that does hold some promise for profits in the 2010 growing season. I wanted to discuss the things farmers should be thinking about in 2010 in terms of the canola market, especially as we head into spring. Many farmers are great producers of volume but struggle at understanding the dynamics of this oilseed crop when it comes to marketing. Great yields mean little if you do not focus on the selling of your production as well.
John DePutter from DePutter Publishing provides analysis of the commodity markets to producers daily. In the below video, John discusses canola pricing, basis and market timing for 2010 crop year.
If you cannot view the embedded video below click here