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Canadian farmers planted their smallest barley crop in eight years in 2025, with tightening supplies likely going forward.

Weather conditions across the Canadian Prairies will likely be a major driver of the canola futures market in the weeks ahead, as attention shifts from the tight old crop supply situation to the prospects for the new crop.

Bartlett Grain Company has completed its acquisition of Ceres Global Ag Corp after the deal was approved by shareholders at a special meeting held June 30, 2025.

Warmer than normal temperatures are to be expected across most of Canada over the next three months, according to the latest long-range seasonal forecast from Environment and Climate Change Canada as of April 30.

Feed barley prices in Western Canada were holding relatively firm in mid-May, although seasonal price trends in the feed market typically see values start to come down in mid-June as the new crop harvest approaches

ICE Futures canola fell from contract highs as summer officially began and wild swings in outside markets weighed on values. However, support held to the downside and the uptrend remained intact ahead of a pair of key reports that could provide some nearby direction.

Global barley production in 2025/26 is forecast to increase by 2.5 million tonnes in 2025/26, with larger crops in the European Union and Russia more than countering smaller crops elsewhere, according to the latest estimates from the United States Department of Agriculture.

Tight supplies could send old crop canola futures higher before the new crop harvest, but values were showing signs of running into resistance in early May.