Did Canola Already Top? Farmer Nathan on $800 Canola

Canola hit $802, pulled back near $774, and now farmers are asking the big question: did canola already hit its seasonal high, or is this just a relief rally? In this episode of Cuppa Coffee from What the Futures, Ryan Denis is joined by Farmer Nathan to talk through the live grain market moves, canola pricing, wheat basis, diesel price discovery, prairie moisture, unseeded acres, hedging resources, and how farmers can make profitable sales without freezing up emotionally. Nathan breaks down how he approached $800 canola, why he still made earlier sales at profitable levels, and how he thinks about futures-only sales, pullbacks, and using calls to stay in the game. Ryan also shares what farmers are asking about diesel under $1/L, Fuel Nexus, old crop wheat opportunities, feed barley, and why this is a moment to focus on today’s decisions instead of regretting past sales. Sponsored by Land for Rent: https://landforrent.com Land for Rent: https://www.landforrent.com Fuel Nexus: https://www.fuelnexus.ca/ Previous episode with Susan Stroud: https://open.spotify.com/show/3xz7OvO7P0WDW8mAx25L1y Previous episode with Laura Lee / Lorelei Gress from Fuel Nexus: https://open.spotify.com/show/3xz7OvO7P0WDW8mAx25L1y What the Futures Podcast: https://www.whatthefuturespodcast.ca What the Futures on Spotify: https://open.spotify.com/show/3xz7OvO7P0WDW8mAx25L1y What the Futures on Apple Podcasts: https://www.podcasts.apple.com/ca/podcast/what-the-futures/id1715185428 What the Futures on Instagram: https://www.instagram.com/whatthefuturespod/ What the Futures on X: https://x.com/wtfuturespod Ryan Denis: https://www.ryandenis.ca Email Ryan: ryan@whatthefuturespodcast.ca ### Chapters - (00:00:00) - Market Open & Grain Futures Update - (00:01:20) - Prairie Weather, Crop Conditions & Tornado Concerns - (00:03:00) - Nathan Kuhn Joins the Show - (00:03:40) - Why Nathan Is Watching Canola Closely - (00:05:10) - Relief Rally or Something Bigger? - (00:06:20) - Susan Stroud’s Bullish Canola Call - (00:07:15) - Canola Hits $800: Why Farmers Became Emotional - (00:08:40) - How To Sell $800 Canola and Still Sleep at Night - (00:09:20) - Nathan’s Canola Selling Strategy - (00:10:15) - Best Resources for Learning Hedging - (00:11:20) - Nathan’s Favorite Canola Hedge Strategy - (00:12:20) - Learning Futures Trading Through Experience - (00:13:20) - Wheat Marketing Challenges - (00:14:00) - Why Wheat Basis Is Improving - (00:15:00) - Negotiating Better Wheat Prices - (00:15:40) - How Nathan Markets Spring Wheat - (00:16:40) - Fuel Nexus and Diesel Buying Strategy - (00:18:00) - How One Farm Saved $20,000 on Fuel - (00:19:10) - Feed Barley Warning - (00:19:40) - Ryan’s Final Canola Marketing Advice - (00:20:30) - Closing Thoughts