Markets & Production Tips

USDA adjusts Canadian canola exports, ending stocks

Data varies from AAFC numbers

By Glen Hallick - MarketsFarm June 13, 2025

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.

Markets, Spring Wheat

Prairie wheat bids dip with U.S. futures, rising loonie

Durum narrowly mixed

By Phil Franz-Warkentin June 13, 2025

Hard red spring wheat bids in Western Canada softened during the week ended June 12, as losses in the United States futures and strength in the Canadian dollar weighed on values.

Markets, News, Reuters

US EPA proposes higher biofuel blending volumes through 2027

By Reuters, Stephanie Kelly June 13, 2025

The Trump administration on Friday proposed to increase the amount of biofuels that oil refiners must blend into the nation’s fuel mix over the next two years, driven by a surge in biomass-based diesel mandates.

Futures

ICE Midday: Middle East tensions, biofuels raise canola prices

By GFM Network News June 13, 2025

Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange gained strength from surging crude oil prices and reports of new biofuel proposals from the United States. Israel launched attacks on Iran on Thursday night, which caused crude oil prices to rise by as much as US$5 per barrel. Earlier today, there were news […] Read more

Photo: JJ Gouin/iStock/Getty Images Plus

Markets, Reuters

ADM sets off ‘frenzy’ in US soybean market ahead of new biofuel blend rule

U.S. officials are expected to propose biofuel blending requirements below industry recommendations

By Karl Plume, Reuters, Tom Polansek June 13, 2025

Archer-Daniels-Midland, a major U.S. soybean crusher and biofuel producer, slashed its bids to buy the oilseed this week ahead of an expected Trump administration announcement on biofuel blending requirements, a primary driver of demand for soybean oil - and a prospective source of demand for Canadian canola.

Currency Markets

Canadian dollar and business outlook

By GFM Network News June 13, 2025

Glacier FarmMedia — The Canadian dollar was relatively unchanged Friday morning, despite a rally in crude oil as financial markets reacted to Israeli attacks on Iran overnight and investors moved to safe havens like the United States dollar. At 8:57 a.m. CDT the Canadian dollar was trading at US$0.7341 or US$1=C$1.3622 which compares with Thursday’s […] Read more

Global markets

Global Markets: Israel attacks Iran

By GFM Network News June 13, 2025

Israel attacked the Iranian capital of Tehran last night, targeting the country’s nuclear program and killing two of the country’s top military officers.

Futures

ICE Canada Morning Comment: Canola, veg oils riding sharp spike in crude

Israel attacks Iran, sending crude higher

By GFM Network News June 13, 2025

By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures erased overnight losses on Friday morning, following vegetable oils to the upside. After Israel attacked on Iranian nuclear facilities, crude oil spiked on Friday, with ample spillover into the veg oils. There were sharp gains in Chicago soybeans and soyoil, along with […] Read more

Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)

Markets, Reuters

U.S. grains: Soybeans hit 1-wk low on demand worries; wheat sags, corn firms

By Julie Ingwersen, Reuters June 12, 2025

U.S. soybean futures fell to one-week lows on Thursday as weak domestic cash markets, poor weekly export sales and worries about the size of U.S. biofuel mandates raised fears about demand for the oilseed, brokers said.

Currency Markets

Canadian Financial Close: C$ up Thursday

By GFM Network News June 12, 2025

Glacier FarmMedia — The Canadian dollar was stronger on Thursday, as growing optimism over a possible trade deal between Canada and the United States ahead of next week’s G7 meeting provided support. The Canadian dollar settled at US$0.7346 or US$1=C$1.3612, which was compares with Wednesday’s close of US$0.7318 or US$1=C$1.3665. Crude oil posted small gains, […] Read more

Daily Network News

Russian grain ship believed sunk in Ukrainian drone attack found, towed to shore, TASS says

Striking JBS workers to return to Colorado plant on promise of talks

Canadian finance minister talks supply chain integrity, pork tariffs with Chinese vice premier

Markets

USDA adjusts Canadian canola exports, ending stocks

Prairie wheat bids dip with U.S. futures, rising loonie

US EPA proposes higher biofuel blending volumes through 2027

ICE Midday: Middle East tensions, biofuels raise canola prices

ADM sets off ‘frenzy’ in US soybean market ahead of new biofuel blend rule

Canadian dollar and business outlook

Global Markets: Israel attacks Iran

ICE Canada Morning Comment: Canola, veg oils riding sharp spike in crude

U.S. grains: Soybeans hit 1-wk low on demand worries; wheat sags, corn firms

Canadian Financial Close: C$ up Thursday

AgCanadaTV

AgCanadaTV Special Feature: Crop pest insects to watch out for in 2026

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