Canola falls back

Canola continued to fall back during the week ended Sept. 1, pulled lower by a number of factors. Over the course of the week, the nearby November contract lost $21.70 per tonne, to close at $812/tonne on Sept. 1. The January 2023 contract was down pretty much the same amount, losing $21.30 at $821/tonne. In[...]



Canola unlikely to see rebound

Ahead of the next principal field crop report from Statistics Canada, there’s some speculation that the 2022-23 canola crop could come in below 19 million tonnes. The thinking is some areas of the Prairies have received too much moisture, while other parts of the region didn’t get near enough. There was a suggestion that any[...]

Wheat values fall hard

Despite the strong unlikelihood of an agreement between Russia and Ukraine on exporting the latter’s grain out of its occupied and blockaded Black Sea ports, the suggestion of talks sent wheat futures tumbling over the last week. Heading into the Memorial Day long weekend in the U.S., the wheat complex made some moderate gains. The[...]