Canola is riding the crest of a wave at present, but industry insiders have nominated disease and seed shortages as potential banana skins.

A government minister, a banker, a global food giant, WA's biggest grain exporter and a graingrower all shared their perspectives on the topic and what they thought the changing marketplace and evolving consumer expectations would mean for the State's graingrowers.

Some growers, mainly in the road transport sites in the Albany zone and north of the Geraldton zone, will face a 40pc spike in their freight bill that will be finalised in February, at the completion of harvest.

Canola's status as a farmer favourite in 2021 is firmly cemented after prices cracked through the four figure mark, hitting $1020/t in WA.

Iran's crop cycle has fallen victim to below average rainfall and extreme temperatures.

CBH also won the Agribusiness, Food and Beverages category and was a finalist in the Sustainability category.

Logistics business Qube's recent purchase of the Newcastle Agri Terminal is under scrutiny from the ACCC on competition grounds.

Chicago Board of Trade futures in decline for the last four sessions of last week.

Kristina Hermanson has been promoted by chemical business FMC and will now look after south-east Asia as well as Australia / New Zealand.

Nearby wheat futures are approaching values seen in the August price peak.