Canola prices could shift up or down in the coming weeks due to uncertainty, said Jerry Klassen, analyst with Resilient Capital in Winnipeg
ICE Canada Weekly: Canola poised to rise or fall
Weather, China could guide oilseed’s trajectory
USDA adjusts Canadian canola exports, ending stocks
Data varies from AAFC numbers
There were some notable changes to Canadian canola made in the United States Department of Agriculture world oilseed report issued on June 12. The USDA increased its call on 2024/25 canola exports and trimmed those for 2025/26, and reduced carryout projections for both marketing years.
USDA makes small cuts to corn, wheat ending stocks
Few changes the central theme in June report
The June supply/demand report from the United States Department of Agriculture contained very few changes from May. The USDA issued its World Agricultural Supply and Demand Estimates on June 12, showing some declines for U.S. corn and wheat ending stocks, while those for soybeans were unchanged.
CBOT Weekly: ‘Not looking for any fireworks’ in June WASDE
Report unlikely to have notable changes
Do not expect any major changes in the June supply and demand report from the United States Department of Agriculture, said Terry Reilly, senior agricultural specialist for Marex.
Flax retaining May gains
StatCan projects smallest planted area in 76 years
Flax prices continue to ride the upswing the oilseed experienced in May, said Scott Shiels, grain procurement manager for Grain Millers Canada in Yorkton, Sask.
Unsettled weather for Prairies
Temperatures to be a little below normal
The weather situation on the Canadian Prairies will likely become unsettled when moving deeper into June, said Scott Kehler, chief scientist for Weatherlogics.
U.K. wheat output to swing higher in 2025/26
Wheat production fell last year for several reasons
Wheat production in the United Kingdom is forecast to turn around in 2025/26 after falling back the previous year, the United States Department of Agriculture reported on June 9.
Drop in U.S. bulk exports highlighted by USDA report
Down 10 points in three years says FAS
Since 2020, bulk exports out of the United States rose and then fell back, said the U.S. Department of Agriculture report released on June 6. Issued by the USDA's Foreign Agricultural Service, the Rise and Fall of Bulk Commodities cited several reasons for the drop in bulk exports.
Prairie Wheat Weekly: Mixed prices across the region
Higher U.S. prices encourage stronger cash prices
Western Canadian cash prices for spring wheat were mostly higher during the week ended June 5, while those for amber durum moved lower.
Feed Grain Weekly: Demand, supply matching each other
Dryness having little impact on feed prices
Demand for feed grains continued to hold up fairly good with ongoing dry conditions on the Canadian Prairies not having much of an impact on prices, said Brandon Motz, a manager at CorNine Commodities in Lacombe, Alta.
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