U.S. soybean and soyoil futures are currently guiding canola’s fortunes.

Canola futures follow soy complex higher

China's increased purchases of U.S. soybeans bode well for canola values

As long as there are gains in the soy complex at the Chicago Board of Trade, canola prices will continue to find support — and that’s been fuelling the rally in canola this week. Of the major edible oils that influence canola, Chicago soyoil is the most prevalent. As said before, where bean oil goes,

CBOT November 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Chinese buying, crop doubts push soy to two-year high

CBOT corn recoups some losses from previous day

Chicago | Reuters — Increasing Chinese demand lifted U.S. soybean futures to their highest prices in more than two years on Friday, while corn futures rose on concerns about U.S. crop damage from adverse weather. The U.S. Department of Agriculture said private exporters sold 318,000 tonnes of U.S. soybeans to China and 175,000 tonnes of


CBOT November 2020 soybeans with Bollinger (20,2) bands. (Barchart)

U.S. grains: Soybeans climb on increased Chinese demand

Egypt buys Russian wheat in tender; traders await USDA crop reports next week

Chicago | Reuters — Chinese buying pushed U.S. soybean futures to their highest prices in more than two years on Thursday, while corn and wheat futures slumped. The U.S. Department of Agriculture confirmed private exporters sold 132,000 tonnes of U.S. soybeans to China and another 318,000 tonnes to unknown destinations, all for delivery in the



CBOT November 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soy futures jump on reported China purchases

CBOT wheat futures retreat after setting five-month top

Chicago | Reuters — Chicago Board of Trade soybean futures advanced on Wednesday as traders said China bought U.S. cargoes, while wheat futures retreated on profit-taking a day after climbing to a five-month high. Chinese state-owned firms bought at least eight bulk shipments of U.S. soybeans, or at least 480,000 tonnes, for shipment in December

CBOT December 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Chicago wheat up on export hopes

Corn hits one-week low, soybeans steady

Chicago | Reuters — U.S. wheat futures leaped to a five-month high on Tuesday on hopes for increased export sales, while corn and soybeans consolidated amid lingering uncertainty about the size of upcoming harvests in the Midwest. Weakness in the U.S. dollar helped support gains in wheat prices, traders said, because a soft dollar makes


A corn crop west of Grunthal, Man. on Aug. 17, 2019. (Dave Bedard photo)

StatsCan predicts more corn, less soy in 2020 harvest

Fewer acres but higher yields predicted

Statistics Canada’s latest round of expectations for the 2020 harvest calls for more corn and less soy than in 2019, with higher yields offsetting lower planted acres for both crops. In its Production of principal field crops report, using information from July — based on models created using satellite technology — StatsCan on Monday called



CBOT November 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soy up for fifth day on weather concerns

Exports support CBOT corn

Chicago | Reuters — Chicago Board of Trade soybean futures rose for the fifth day in a row on Friday, closing near a 7-1/2-month high on persistent concerns that the U.S. crop will fall short of expectations, traders said. Corn futures closed firm, shrugging off early weakness due to strong export demand while wheat futures

CBOT December 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn, soybeans, wheat rally

'We absolutely need heavy rainfall in a lot of areas'

Chicago | Reuters — Chicago Board of Trade soybean futures jumped 1.8 per cent on Thursday to their highest in 7-1/2 months, with forecasts for dry weather in the U.S. Midwest threatening to hinder the crop throughout its late stages of development, traders said. “We absolutely need heavy rainfall in a lot of areas,” said