The Trump administration on Friday finalized new biofuel blending volumes mandates for the U.S. oil refiners, requiring more of the fuels made from corn and other agricultural products than initially proposed,in an apparent win for U.S. farmers.
The Iran war has upended the planting intentions of U.S. farmers, resulting in fewer acres of corn and the lowest quantity of spring wheat planted since 1970 as rising fertilizer and fuel costs and low grain prices dim the outlook for profits.
Brazil’s soybean planting area is expected to remain stable in the upcoming 2026/27 season, but the scenario depends heavily on how long the U.S.-Israeli war on Iran lasts, agribusiness consultancy Agroconsult said on Wednesday.
There’s more to canola futures on the Intercontinental Exchange than crude oil and vegetable oils prices, said David Derwin, commodity futures advisor for Ventum Financial in Winnipeg.
Crop monitoring service MARS said on Monday it expects the European Union’s average soft wheat yield to reach 5.98 tonnes per hectare this year, five per cent lower than in 2025.
As China heads into the 2026/27 marketing year, the United States Department of Agriculture attachés in Beijing projected a few minor to moderate changes in the country’s soybean, canola, corn and wheat crops.
To analyst Tom Lilja of Progressive Ag in Fargo, N.D., there’s a difference in the commodity markets currently with the Middle East war and four years ago when Russia invaded Ukraine.
BASF is investing $27 million to expand its Canola Breeding Centre of Innovation in Saskatoon with the hopes of refining and accelerating the development of hybrid canola.