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Soybean, corn and wheat futures all came under pressure to start 2024, with the path of least resistance pointing lower still despite the potential for some end-user bargain hunting.

The Canadian Grain Commission (CGC) announced several grain grading changes for the 2024-25 crop year to better meet the needs of the domestic grain sector and global buyers. “The Canadian Grain Commission values stakeholder input and is implementing these changes based on feedback from the sector. They will support continued growth and Canada’s reputation as[...]

 MarketsFarm – ICE Futures canola contracts lost ground during the week ended Aug. 2, as spillover from outside markets and easing concerns over the state of the crop ahead of the harvest weighed on values. Excessive heat during the flowering period in June and July caused canola prices to climb higher, but the market is[...]

The ICE Futures canola market hit fresh contract lows to start 2024 but may have finally uncovered some support.

ICE Futures canola contracts continued to show some modest strength during the week ended Jan. 24, as the market stabilized above the lows hit earlier in the month. However, whether the uptrend continues or canola retreats to fresh lows remains to be seen.

The ICE Futures canola market remained under pressure heading into the New Year, lacking any significant supportive news of its own that could spark a move higher.

Shifting South American weather forecasts will likely keep the soybean and corn markets at the Chicago Board of Trade on edge over the next few months, as crops in Brazil and Argentina develop.

Extreme cold temperatures in Western Canada have done little to move the needle on feed grain markets as corn continues to come up from the United States and end users appear well covered for the time being.

The seasonal slowdown in the North American grain and oilseed markets has traders in the Chicago futures taking direction from shifting weather forecasts out of South America, with technical chart signals also at play in the futures heading into the New Year.

Spring wheat bids in Western Canada climbed higher during the week ended April 25, as a rally in United States futures provided support. Chart-based speculative buying was behind much of the strength in the futures, as fund traders bought back some of their large net short position. Declining crop ratings for U.S. winter wheat, the[...]