ICE November 2022 new-crop canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

ICE weekly outlook: Falling canola futures snowballing lower

MarketsFarm — ICE Futures canola contracts fell hard during the week ended Wednesday, with little indication of how much more room to the downside there could be. “Once the snowball starts rolling, it just rolls,” analyst Mike Jubinville of MarketsFarm said, adding there were no dynamic changes to the generally supportive canola fundamentals — but […] Read more

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Mid-year farm gate price hike approved for milk

Processors say incremental hike may soften impact on consumers

A request from Canada’s dairy farmer organization for an unscheduled increase in the current farm gate price for milk, to help farmers catch up with steep rises in their costs of production, has been granted. The Canadian Dairy Commission said Tuesday it will recommend that the farm gate price for milk be increased effective Sept. […] Read more



CME July 2022 wheat (candlesticks) with 20- and 50-day moving averages (green and black lines), MGEX July 2022 spring wheat (yellow line) and K.C. July 2022 hard red wheat (orange line). (Barchart)

U.S. grains: Wheat falls on harvest pressure, firmer U.S. dollar

Hot Midwest spell raises early concerns about corn, soy yields

Indianapolis | Reuters — Chicago wheat futures fell on Friday, erasing gains earlier in the week as harvest pressure weighs and a firmer dollar limits export business, traders said. Corn inched higher, finding a fresh one-month high, supported by hot weather in the U.S. Midwest that could threaten crops, while soybeans traded near even heading […] Read more



CBOT July 2022 wheat (candlesticks) with 20- and 50-day moving averages (purple and black lines), MGEX July 2022 wheat (yellow line) and K.C. July 2022 wheat (orange line). (Barchart)

U.S. grains: Wheat jumps on weaker U.S. dollar

Midwest heat lifts corn, soy

Indianapolis | Reuters — Chicago Board of Trade wheat climbed on Thursday, supported by a weaker dollar and continued uncertainty as Ukraine attempts to move grain exports through the Black Sea. Corn and soybeans firmed as hot, dry weather across the U.S. Midwest threatened to stress recently-planted crops. The most-active wheat contract of the Chicago […] Read more



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CBOT weekly outlook: U.S. interest rate decision could shake futures

Heat in forecast keeping U.S. corn supported

MarketsFarm — Commodity prices on the Chicago Board of Trade (CBOT) were certainly affected by the U.S. Department of Agriculture’s (USDA) monthly supply/demand estimates released last Friday — but may be shaken again after the U.S. Federal Reserve decided to raise its key interest rate by 0.75 of a point. Ryan Ettner, a commodity broker […] Read more


CBOT July 2022 soft red wheat (candlesticks) with 50-day moving average (black line), MGEX July 2022 spring wheat (yellow line) and K.C. July 2022 hard red wheat (orange line). (Barchart)

U.S. grains: Wheat eases on harvest pressure

Nearby corn firms, July soybeans also lower

Chicago | Reuters — U.S. wheat futures ended lower on Wednesday, led by K.C. hard red winter wheat, as the harvest progressed and forecasts signalled continued dry weather for combines rolling in the southern Plains, traders said. Corn futures closed mixed, with strong domestic cash markets supporting nearby July futures on the Chicago Board of […] Read more