Greg Kostal – 2012 Canola Market – Demand Bullish & Price Negative

Canola overall had a great year in 2011. Prices climbed to strong highs, demand was steady and acres were up in Western Canada. So where do we go from here? Does the price of canola continue to climb? Does profitability put us in a position where we are over stocked? Do other oils start to push back and take some of the canola space? All of us know that anything can happen.

As far as the demand side goes, demand is strong right now with domestic crush capacity increased and markets expanding. But just how far can canola go before it starts to run out of steam?

Greg Kostal owns Kostal Ag Consulting Inc. He describes his outlook as demand bullish but price negative. I asked Greg about where he thinks the canola market is headed when I caught up with him at Cropweek 2012 in Saskatoon.


If you cannot see the embedded video below click here.


Shaun Haney

Shaun Haney is the founder of He creates content regularly and hosts RealAg Radio on Rural Radio 147 every weekday at 4PM est. @shaunhaney


Ag Minister MacAulay announces $25 million “clean technology” program

Federal Agriculture Minister Lawrence MacAulay visited a dairy farm near St-Eugene, Ontario on Monday morning to announce $25 million for the "Agricultural Clean Technology Program." “This investment will help Canadian farmers stay on the cutting edge of clean technology by targeting developments in bioproducts and precision agriculture," said the minister. "Our government has made both…Read more »


Leave a Reply