resetting conda channel priorities

Go to your home directory and open .condarc in an editor. Go to channels and edit the priority:

channels:
  - defaults
  - my_conda_channel

Now defaults will be preferred over my_conda_channel. You can also delete my_conda_channel.

Another option would be to move your channel to the bottom of the priority list.
Run the command....

conda config --append channels my_conda_channel

You should get a response like this...

Warning: 'my_conda_channel' already in 'channels' list, moving to the bottom

Verify...

conda config --get channels

Which should give you something like...

--add channels 'defaults'   # highest priority
--add channels 'my_conda_channel'   # lowest priority

Change the order from ~/.condarc so that defaults the first channel as

channels:
  - defaults
  - conda-forge

and add this line to it

channel_priority: true

or run the following code in command-line

conda config --set channel_priority true

then again run

conda update --all

Good Luck

---

Edited for new versions of conda. According to conda doc

As of version 4.6.0, Conda has a strict channel priority feature. Strict channel priority can dramatically speed up conda operations and also reduce package incompatibility problems. We recommend it as a default. However, it may break old environment files, so we plan to delay making it conda's out-of-the-box default until the next major version bump, conda 5.0.

channel_priority (ChannelPriority)
Accepts values of 'strict', 'flexible', and 'disabled'.

It still accepts the old values true and false

1. true := flexible
2. false := disabled
3. strict := this is a new value