Grain, oilseed markets trending lower

Grain, oilseed markets trending lower

Expert’s Radar: Middle East conflict and a possible rail strike add to market uncertainty

The major North American grain and oilseed markets continued to trend lower in mid-February, with canola, soybeans, corn and wheat contracts all setting new contract lows as the futures work to uncover demand. Burdensome supply/demand fundamentals, coupled with heavily short speculators and farmer selling on any attempts at moving higher, give little reason to expect










China has been a major customer for Canadian wheat so far this year.

Grain markets slowly eroding

Expert’s Radar: There’s little supporting most grain and oilseed futures at the moment

Prices may keep rising at the grocery store, but the general trend in all of the major grains and oilseeds continues to grind lower, with mid-January wheat bids hitting some of their weakest levels of the past few years. World supplies: Wheat is grown around the world, and supplies are more than sufficient to meet


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Prairie wheat weekly outlook: U.S. futures raise Western Canadian bids

Total wheat production expected to increase to 33.3 million tonnes; total wheat carryout to 4.2 million

The relatively low prices created some interest in the export market. The U.S. Department of Agriculture (USDA) reported net wheat export sales of 451,400 tonnes in its weekly report on Jan. 25, down 36 per cent from the previous week but up 45 per cent from the four-week average. Recent severe cold weather in the northwestern U.S. Plains may have also caused some crop damage.