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The Port of Thunder Bay continues to see strong grain movement during the 2024 shipping season, with 923,700 tonnes moved in May, according to a report. That marked the second highest monthly grain total of the past two years and compares with 899,100 tonnes in May 2023.

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[...]

Solid exports of Canadian yellow peas to India over the past few months could continue for longer, as officials contemplate extending duty-free imports once again.

Canadian grain and oilseed exports through the first month of the 2024/25 marketing year are running well ahead of what moved during the same time the previous year, with just over a million tonnes of canola already moved, according to the latest data from the Canadian Grain Commission. Total exports of all the major grain,[...]

Soybean and corn futures at the Chicago Board of Trade have both shown some strength over the past week but should be expected to hold relatively rangebound in the short term ahead of acreage data due out at the end of the month, according to an analyst.

Australian canola production is expected to rise in 2024/25, while the European rapeseed crop will likely be smaller on the year, according to updated estimates from the United States Department of Agriculture’s Foreign Agricultural Service.

The government agency called for a 50 to 60 per cent chance of above normal temperatures from July through September across most of the three Prairie provinces. The likelihood of warmer than normal temperatures is even higher in the rest of the country, especially in Quebec and the Atlantic provinces.

A modest attempt at correcting higher was met by stiff resistance in the ICE Futures canola market, with a general downtrend still intact as the futures work to uncover some demand.

The ICE Futures canola market fell sharply lower during the first few trading days of June, taking out several former support levels on the way down as large old crop supplies, relatively favourable new crop production prospects and speculative fund selling weighed on prices.