Trade discussions between Canada and the United States as well as dry weather have driven canola’s rally on the Intercontinental Exchange during the week ended July 2, 2025.
Daily news
ICE Weekly: Trade talks, weather lifting canola prices
Multiple factors driving canola’s rally
U.S. livestock: Cattle rebound, hogs gain
Chicago cattle futures rebounded on Wednesday after dropping on Tuesday over news the U.S. Department of Agriculture would gradually reopen borders to Mexican cattle imports.
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.
U.S. grains: Corn and soy climb on bargain buying, positioning ahead of holiday weekend
U.S. grain and soybean futures rose on Wednesday in a bargain-buying and technical advance after recent declines and ahead of the Independence Day holiday weekend, with U.S. markets closed on Friday.
Viterra-Bunge merger a done deal, companies confirm
US$34 billion deal raised concerns about the effects of industry consolidation
Bunge's merger with Glencore-backed Viterra has closed, Glencore confirmed on Wednesday.
Prairie forecast: Stormy start to the west, summer heat to the east
Forecast issued July 2, covering July 2 to 9, 2025
We start this forecast period with warm high pressure in place across the eastern Prairies and a developing area of low pressure over Alberta.
Turkey shuts livestock markets to control foot and mouth disease
Turkey said on Wednesday it will shut down all livestock marketplaces to control the spread of highly contagious foot and mouth disease.
General Mills changing Nature Valley labels after lawsuit’s glyphosate claim
General Mills Inc agreed to stop calling the oats in its Nature Valley granola bars 100 percent natural to settle a lawsuit by three consumer groups that said the bars contained small amounts of glyphosate herbicide, commonly known as Roundup.
U.S. grains: Soy futures end mixed; corn and wheat sag after USDA reports
Chicago Board of Trade soybean futures ended mixed on Monday, with nearby contracts under pressure after quarterly stocks data from the U.S. Department of Agriculture showed larger-than-expected supplies as of June 1, analysts said.