Normal to above normal precipitation in March helped moisture conditions improve across much of Canada, according to the latest Canadian Drought Monitor data from Agriculture and Agri-Food Canada
Canadian drought conditions improve in March
Swaths of B.C., Ontario, Quebec and Prairies see above normal precipitation
Pulse weekly: Indian forecasters predict below-normal monsoon
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The monsoon rains necessary for pulse crops in India are forecast to be below normal in 2026, creating early uncertainty over upcoming production prospects.
ICE weekly: War news driving canola markets
Canola futures broke below their nearby trading range as a selloff in crude oil weighed on prices. While seasonal price trends point higher, direction will continue to come from developments in the Middle East.
CBOT weekly outlook: Soybeans/corn awaiting acreage data
Soybean and corn futures at the Chicago Board of Trade posted some large price swings during the week ended March 25, as market participants reacted to the shifting news out of the Middle East and adjusted positions ahead of upcoming acreage data from the United States Department of Agriculture.
Speculators add to bullish bets in canola
The speculative net long position in canola continues to grow, hitting its largest level in eight months according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC) released Friday, March 20.
Feed grain weekly: Barley bids rise with crude and corn
Feed grain bids in Western Canada were showing strength in mid-March, as gains in crude oil spill into the agricultural markets.
Agriculture Canada makes small balance sheet adjustments
Updated supply/demand estimates from Agriculture and Agri-Food Canada, released March 18, included only minor adjustments, as the agency incorporated the latest acreage forecasts from Statistics Canada released earlier in the month.
Prairie CWRS wheat bids mixed
Canada spring wheat bids were mixed during the week ended March 17, as the United States futures traded in a wide range and the Canadian dollar weakened. General uncertainty in the world markets due to the escalating conflict in the Middle East accounted for some of the choppiness in the wheat market.
Pulse weekly: Canadian pea exports up in January, lentils lag
Canadian pea exports picked up in January, while lentil movement dipped compared to the previous month, according to the latest Statistics Canada trade data.
ICE canola outlook: Upside unknown given geopolitical risks
Canola futures climbed higher during the week ended March 11, finding spillover support from advances in crude oil due to the escalating conflict in Iran and surrounding countries.