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Canola production on the Prairies takes a weather hit

But that effect on production may have already been digested by the market

Poor harvest weather definitely cut into the size and quality of this year’s Canadian canola crop, with a large percentage still in the fields heading into the end of October. However, that supportive supply-side story may be factored into the futures for the time being, with the market now in need of some fresh demand […] Read more

GRAINS-Soybeans rebound from 2-week low, U.S. harvest caps gains

SYDNEY, Oct 28 (Reuters) – U.S. soybean futures edged higher on Monday, rebounding from a two-week low hit in the previous session, though expectations that mild weather conditions will aid North American farmers in sowing crops capped further gains. FUNDAMENTALS * The most active soybean futures on the Chicago Board Of Trade were up 0.4% […] Read more

Canola prices remain subdued despite weather

Growers break single-week record for canola deliveries

Canola values remained “not exactly lifeless” but rangebound during the week ended Oct. 18, seemingly unfettered by a less-than-ideal harvest season. A cold front and Colorado low hit Manitoba over Thanksgiving weekend, delivering up to 70 cm of snow in some regions. That ought to have introduced a weather premium into markets, as the canola […] Read more

As snow falls, canola market rises

Weather alone won’t sustain canola’s rally for long

An early winter storm on the western Prairies and persistent cool and wet conditions to the east put the brakes on harvest operations during the first few days of October, with canola futures finding some support on the back of adverse weather. After holding within a sideways trading range for the past three months, the […] Read more

GRAINS-U.S. wheat, corn, soy rally after finding technical support

(Updates with closing prices, adds new analyst quote) By Mark Weinraub CHICAGO, Oct 8 (Reuters) – U.S. corn, soybean and wheat futures rose on Tuesday, rebounding from weakness in the overnight session after finding technical support, traders said. Wheat notched the biggest gain, with the benchmark Chicago Board of Trade soft red winter wheat contract […] Read more

GRAINS-U.S. corn, soybeans, wheat rise on technical support; weather concerns

* Grain market braces for USDA data, U.S.-China talks * Forecast cold spell, slow harvest underpin corn (Recast, updates with U.S. trading, adds new analyst quote, changes byline/dateline; pvs PARIS) By Mark Weinraub CHICAGO, Oct 8 (Reuters) – U.S. corn, soybean and wheat futures rose on Tuesday, rebounding from weakness in the overnight session after […] Read more

Harvest setbacks bring uncertainty to grain markets

Canola purchases from the EU have been supportive

Canola values remained sluggish and rangebound during the week ended Sept. 27, dampened by large carry-out stocks and uncertainty regarding 2019 production volumes. As harvest drags out across the Prairies, challenging weather conditions could begin to harm crop quality. While Statistics Canada earlier in the month predicted canola production to be around 19.358 million tonnes, […] Read more

China grants waivers on U.S. soybeans

China is clearing the way for importers to buy U.S. soy exempt from tariffs — sources

China has given new waivers to several importers to buy U.S. soybeans exempt from retaliatory tariffs, in a goodwill gesture ahead of high-level trade talks next month, two sources familiar with the matter said Sept. 24. The waivers, offered in two batches, total around five million to six million tonnes, according to one of the […] Read more

USDA’s recalculations toss anvil to markets

Canola remains rangebound as harvest looms

A surprisingly large corn production estimate from the U.S. Department of Agriculture gave North American grain and oilseed markets a jolt during the week ended Aug. 15. Corn and wheat prices fell in response to the updated data, while oilseeds had a more subdued response. After a soggy start to the U.S. growing season, investors […] Read more