ICE March 2024 canola as of Dec. 8, 2023, with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: Canola likely to keep sliding back 

With larger crop, trade likely to be overwhelmed by deliveries, analyst says

There is a rather significant bearish outlook for canola for the rest of December, according to Jerry Klassen of Resilient Commodity Analysis. He said a large part of this was generated by the Statistics Canada production report released on Dec. 4. 



Photo: Thinkstock

U.S. grains: Wheat rallies on fresh round of purchases by China

Soybeans ended narrowly mixed as traders monitored Brazil weather; corn rose for fifth straight session

Wheat rose after U.S. Department of Agriculture (USDA) confirmed private sales of 198,000 metric tons of U.S. soft red winter wheat to China, the second such sale in as many days. Monday's announcement that China had purchased 440,000 tons of the grain, the largest one-off U.S. wheat export sale to China since at least 2020, added impetus to a recent rally.

Aerial view of rapeseed fields at sunset

Understanding biological crop inputs

Strip trials may be the best way to determine how and when these emerging products provide value to growers

It’s a question Marc Beland has been asked more times than he can remember: what are biologicals? “That’s a very good question. I get that quite often,” Beland says with a laugh. Beland is the director of market development for Premier Tech, which offers a variety of biological inputs to the agriculture market.  He may […] Read more



Photo: Canstock

Net fund short position edges down in canola

CBOT fund traders were liquidating some large net long positions in soybeans

Fund traders were buying back some of their large net short position for the fourth week in a row in late-November, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).


CBOT March 2024 soft red winter wheat with 20-day moving average, MGEX March 2024 hard red spring wheat (yellow high/low/close) and K.C. March 2024 hard red winter wheat (orange H/L/C). (Barchart)

U.S. grains: Chicago wheat, corn rally as export sales top forecasts

Soybeans lower in narrow trading

Chicago | Reuters — Chicago wheat and corn futures climbed more than one per cent on Thursday as traders covered more short positions following a slump to multi-year lows and as weekly export sales topped forecasts and included sizeable purchases by major importer China. Soybeans were lower in range-bound trading after the U.S. Department of […] Read more

  Photo: Greg Berg

U.S. grains: Chicago wheat finishes higher on short covering

Soybeans nearly unchanged, drought in Brazil looms over production

Chicago | Reuters — Chicago wheat futures climbed more than two per cent on Wednesday, extending gains from the previous session as traders covered their short positions ahead of month-end and first notice day for the spot December contract. Soybeans retreated in early trading before recovering as traders accessed adverse crop weather in Brazil. Corn […] Read more