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 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[...]

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.

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.

Feed barley bids in Western Canada continue to find some support as the calendar turns to spring, with seasonal road restrictions lending some nearby support to prices.

ICE Futures canola contracts climbed to their highest levels of 2024 in early May before taking a step back on May 8. While the uptrend is still intact, improving moisture conditions across Western Canada could limit any further gains.

Canola futures broke below major chart support levels in mid-April, with nearby price trends all turning lower as attention in the market turns to the upcoming crop.

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

Farmers still holding onto old crop feed barley in hopes of better prices may be out of luck this year, as bids continue to drift lower with attention in the market turning to the upcoming new crop.

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.

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.