Canola Near $700: Is the Rally Over? Guest | Trent Klarenbach

In episode 112 of the What the Futures Podcast, Ryan Denis interviews Trent Klarenbach in Camrose, Alberta as November canola approaches $700, discussing key resistance levels, whether the move is a bear-market rally, and why growers should position for both downside protection and upside potential. Ryan shares show updates, a March 1–April 11 hat design contest supporting the Canadian Center for Agricultural Wellbeing, and sponsor notes on John Deere Operations Center. The mailbag covers put options vs futures-first contracts, choosing hedge months, and how to think about percent sold when yields are uncertain, plus broker suggestions including Simpson Caputo Group, JGL Capital, and Simple Hedge. Positive moments include a successful long-dated canola target sale and a top-priced feed barley sale. Sabrina from UPL explains herbicide layering research for herbicide-resistant wild oats and highlights battalion’s multi-mode broadleaf and wild oat control. 00:00 Canola Near $700 04:54 Hat Contest Launch 08:46 Trent Interview Begins 09:48 Canola Pullback Signals 12:59 Bear Rally or Bull Turn 14:46 Market Structure and Land 17:06 Specialty Crops and Corn 19:45 Positive Moments Roundup 25:04 2027 Canola Targets 29:32 Timing New Crop Sales 34:46 Choosing a Futures Broker 48:54 UPL Products Spotlight 50:41 Eating Your Veggies 52:43 Final Sign Off