How low will canola yield go?

How low will canola yield go?

Canola has certainly suffered under drought. How much is yet to be seen

Hot and dry weather across most of the major North American growing regions remained the major topic of discussion in the grain and oilseed futures markets during the last week of July. The drought will certainly cut into the size of this year’s canola crop, but by how much? The 19.9-million-tonne forecast by Agriculture and



The general consensus within Canada’s grain trade is that Western Canada’s crops are unlikely to see much improvement from current conditions at this time.

Latest federal supply/demand numbers way above expectations

Canola’s underlying fundamentals remain supportive

The ICE Futures canola market fell off its highs during the week ended July 23 as a slight improvement in Prairie weather conditions was enough to spark a selloff. Activity in outside markets contributed to the losses, but the underlying fundamentals remain supportive for the Canadian oilseed and canola managed to find its legs as

Higher prices of basic foodstuffs such as corn, soy and meat are affecting food supplies for both animals and people as the U.S. economy picks up steam.  Photo: Thinkstock

Pet food shortages leave owners on the hunt for kibble

Chicago | Reuters – Black short-haired kitty Astra, one of millions of pets acquired during the COVID-19 pandemic last year, had to go without salmon-flavored Whiskas treats that were sold out at stores in New Orleans this month. Loki, an Alaskan malamute dog in Ontario, Canada, did not have his usual Royal Canin kibble in


The Archer Daniels Midland Co. (ADM) logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 3, 2018.
 Photo: REUTERS/Brendan McDermid

ADM quarterly profit surges amid strong U.S. corn exports to China

Reuters – U.S. grain merchant Archer-Daniels-Midland Co on Tuesday reported quarterly profit leapt 52 percent due to strong exports and oilseed crushing margins. The bigger-than-expected earnings sent shares to a two-week high and extended a recovery from the COVID-19 pandemic, which last year hurt demand for the company’s ethanol and food products. Shares were up

CBOT November 2021 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

U.S. grains: Corn, soybeans lower on the week

Traders look at long-term weather; wheat flat

Chicago | Reuters — Chicago corn and soybean futures slipped on Friday, pressured by extended forecasts calling for cooler weather into August, though hot, dry weather in the coming week across the U.S. Midwest underpinned prices. Wheat ended lower as concerns over unfavorable weather in key exporting countries countered pressure from corn and soybeans. The


CBOT September 2021 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and green lines). (Barchart)

U.S. grains: CBOT wheat snaps winning streak

Chicago corn, soybeans also fall

Chicago | Reuters — Chicago Board of Trade soft red winter wheat futures plunged 2.6 per cent on Thursday, snapping a six-session streak of gains as traders locked in profits from the rally. Soybean futures were down two per cent, with the latest weather forecasts showing that some timely rains will arrive in key growing




CBOT September 2021 wheat (candlesticks) with 20-day moving average (black line) and K.C. September 2021 wheat (orange line). (Barchart)

U.S. grains: Wheat climbs on deteriorating crop conditions

Corn rises as U.S. crop rating misses consensus

Chicago | Reuters — Chicago wheat futures climbed on Tuesday to a two-month peak after official data underscored poor conditions for drought-hit U.S. spring wheat. Chicago corn gained, as a lower-than-expected weekly crop rating focused attention back to dry conditions in parts of the Midwest. Soybeans rebounded after being pressured by falling crude oil prices