The outlook for canola futures on the Intercontinental Exchange appears to be on a downward slide, said Bill Craddock, a Manitoba-based trader and farmer.
ICE Canada Weekly: Decent outlook of old, new crop weigh on canola futures
New crop looking good, but needs rain
Dryness poised to threaten Saskatchewan crops
Growing conditions vary across province
Crops in Saskatchewan are developing in opposite directions, the province’s latest crop report said. Growing conditions in the province vary, with some areas receiving enough rain while other locations are experiencing crop stress due to hot, dry conditions.
ICE Canada Weekly: Canola’s slide likely to continue
If dryness not alleviated, canola would turnaround
With the speculative fund selling and relatively decent crop conditions on the Canadian Prairies, a broker said canola futures have little option but to continue falling back.
Alberta crop ratings nudge up
But ground drier
Alberta saw its overall crop rating improve, but its surface soil became drier, the province’s latest crop report said.
USDA attaché forecasts larger Chinese corn, wheat crops
But imports drop over last two years
Corn and wheat production in China is expected to increase in 2025/26, the United States Department of Agriculture attaché in Beijing said in a report released July 3.
CBOT Weekly: Turning towards a weather market
Area, stocks reports have little influence
Soybeans and corn on the Chicago Board of Trade are heading toward a weather market, said Sean Lusk, vice-president of Walsh Commercial Hedging in Chicago. The move comes after two reports from the United States Department of Agriculture issued on June 30.
Manitoba crops advancing nicely despite below normal moisture
About 50 to 70 per cent of normal precipitation
Crops in Manitoba continue to develop at a good pace despite a lack of rainfall in some parts of the province, reported Manitoba Agriculture on July 2.
Canadian farmers planted fewer canola acres than expected, StatCan projects
StatCan revises 2024/25 canola output
In something of a surprise, Statistics Canada lowered its projection for planted canola acres in 2025/26, with other oilseeds reaping some of the benefits. As well, StatCan adjusted its numbers for Canadian wheat.
Prairie wheat prices weaker on sharp drop in U.S. futures
Stronger loonie adds more pressure
Cash prices for spring wheat across the Canadian Prairies fell hard during the week ended June 26, while those for amber durum nudged up slightly.
Saskatchewan crops firmly normal in development
Good majority of moisture levels rated adequate
Crops in Saskatchewan continued to be largely normal in their development, the provincial agriculture department said in its latest weekly crop report.
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