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Prairie forecast: Cold snap coming to an end

Forecast issued February 19, covering Feb. 19 to 26, 2025

For this forecast period, as predicted a week ago, we're finally going to see an end to this long cold snap. The polar vortex is weakening and is forecasted to move off to the east. This will allow for a strong push of mild Pacific air to flood across the Prairies. It should bring temperatures above freezing to Alberta beginning early in the forecast period. Near to above freezing temperatures should move into Saskatchewan and Manitoba over the weekend.






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Funds move to large net long position in canola

First net long since 2023

Speculative fund traders moved to a net long position in canola for the first time in one-and-a-half years, as they covered short positions and put on fresh bullish bets in early February, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).