Canola Hits $800: The Biofuel Story Nobody Saw Coming

Canola just hit $800/ton for the first time since 2023. This week Ryan Denis sits down with Susan Stroud from No Bull Ag to break down the surprising rally in canola, why U.S. biofuel policy may be driving the move, and what producers should consider as prices surge higher. They discuss renewable fuel mandates, RIN values, soybean oil demand, canola’s role in biofuels, risk management, and why some of the best sales happen when farmers feel the most uncomfortable. Plus: Western Ag joins the show to discuss CropCaster, fertility planning, yield forecasting, and how better agronomy data can improve crop marketing decisions. Guests: • Susan Stroud (No Bull Ag) • Blake Weiseth (Western Ag) Links Mentioned: • https://www.nobullag.com • https://www.ryandenis.ca • https://www.harvestprofit.com • https://www.deere.ca Chapters (00:00:00) - Canola hits $800 02:20 Strategy Room update(00:08:50) - Why $800 canola feels frustrating(00:15:00) - Why farmers shouldn’t freeze(00:17:40) - Susan Stroud joins(00:20:20) - Why canola is rallying(00:23:00) - Biofuel demand explodes(00:24:00) - Why canola is winning in 2026(00:29:00) - Trade wars, energy and Europe(00:33:30) - The psychology of selling(00:34:00) - The best sales happen when uncomfortable(00:37:00) - Why lifting hedges can be dangerous(00:40:00) - Policy risks ahead(00:44:00) - AgriNext conference preview(00:50:20) - Western Ag joins(00:51:20) - Fertility meets crop marketing(00:57:20) - CropCaster explained(01:06:20) - Using yield forecasts for marketing(01:29:00) - Strategy Talk(01:30:20) - What should you do with $800 canola?