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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



Argentina set for bumper wheat crop

Other wheat-growing regions are facing weather woes

Reuters – Argentine wheat farmers are preparing for a record harvest, even as global rivals see crop yield prospects cut amid floods in the United States, searing heat in Europe and drought in Australia and parts of Canada. The grain bounty in the world’s No. 6 wheat exporter will boost the South American country in […] Read more


China uncertainty continued in last week’s grain markets

A recent small purchase from the U.S. had little influence on price

As the United States/China trade war plods along between negotiations and making threats to hike tariffs, the spectre of what could happen down the proverbial road remains rather bleak. First was U.S. President Donald Trump speculating that China may not want to make a deal with the U.S. until after the 2020 presidential election. For […] Read more



Little direction in grain markets until August 12

USDA’s WASDE report will provide long-awaited numbers on corn, soybean and acres which were prevented from planting

Until August 12, the central story surrounding canola will be a lack of direction. There has been little to influence prices either up or down and this will likely remain the situation until the United States Department of Agriculture (USDA) issues monthly World Agricultural Supply and Demand Estimates (WASDE). In that report due August 12 […] Read more


Bearish influences continue to weigh on canola market

Improved crop conditions have also contributed to the trend, though corn is still king

Canola contracts on the ICE Futures U.S. platform tested major support levels during the week ended July 19, but managed to hold relatively steady overall to finish the week with slight gains. The November canola contract hit a multi-year contract low of C$437 per tonne on July 5, but has managed to hold above the […] Read more



Weather supportive for canola crops, albeit not for prices

Uncertainty also continues over U.S. soybean acreage

ICE canola futures fell hard during the week ended July 5, hitting fresh contract lows in the process as improving North American weather conditions weighed on prices and bearish technical signals had speculators adding to their short positions. The canola market was closed Monday for Canada Day while the Chicago futures market was closed on […] Read more


Wheat bids turn out mixed across the Prairies

Minneapolis, Chicago and Kansas City September wheats were all down on the week

Western Canadian wheat bids varied during the week ended June 21, with strong gains observed in CWRS bids along with mixed CPSR bids and steady CWAD bids. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down $5-$8, except for in eastern Manitoba, where prices were only down by 65 cents, […] Read more



Action in oilseed markets swings on weather forecasts

Precipitation on the Prairies will steer canola values

In the constant battle between influences weighing on values or providing support for canola bids, last week came down to a battle between our rainfall versus their rainfall. On the Prairies, starting Father’s Day, precipitation brought struggling crops a little bit of a boost at a critical stage in their development. The Prairies have been […] Read more


Western Canadian wheat bids up in all classes

Gains in Kansas City and Chicago wheat futures offered up some support for cash prices

Wheat bids in Western Canada were up across the board for the week ended June 14. There were gains in Canada Western Red Spring Wheat (CWRS), Canada Prairie Spring Red (CPSR) and Canada Western Amber Durum (CWAD). Weakness in the Canadian dollar and gains in Kansas City and Chicago wheat futures provided support; a decrease […] Read more