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CANOLA. A Valuable Tool for Willamette Valley Grass & Grain Farmers. Why Canola?. Significant Agronomic Benefits Broadleaf rotation crop Different chemical program than grass species Lower nitrogen inputs Erosion control No bees required for pollination “Nature’s sub- soiler ”

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canola

CANOLA

A Valuable Tool for Willamette Valley Grass & Grain Farmers

why canola
Why Canola?
  • Significant Agronomic Benefits
    • Broadleaf rotation crop
    • Different chemical program than grass species
    • Lower nitrogen inputs
    • Erosion control
    • No bees required for pollination
    • “Nature’s sub-soiler”
    • No residue to manage after harvest
why canola1
Why Canola?
  • Significant Economic Benefits
    • Utilize same equipment we already use for grass/grain production
    • No cleaning costs
    • Payment required by law 30 days after delivery
    • Dry-land yields average 3000-3500 lbs in Valley, with highest at 4237
    • Current prices over $.30/lb
marketing
Marketing
  • Commodity Crop = no middle man
  • Variety of contracting/sales options – just like wheat market
  • Local Options include:
    • Willamette Biomass Processors (non-GMO)
    • Pendleton Grain Growers
    • Pacific Coast Canola (Warden, WA)
market prices
Market Prices
  • Tuesday, Sept 25th
    • $30.44/lb

(Intercontinental Exchange (ICE) – Winnepeg) – canolamarketprice.com

    • $30.25/lb

(NASDAQ market reports – nasdaq.com/markets/canola.aspx)

july sept 2012 market prices
July-Sept 2012 Market Prices

$605/T = $0.30.25/lb

$650/T = $0.32.5/lb

futures markets
Futures Markets
  • July 2013
    • $0.29.7/lb
  • July 2014
    • $0.27/lb
  • Steadily increasing demand, particularly with “health-conscious” consumers & Asian markets