Canola is either side of steady on Monday in a tussle between crude oil and Chicago soy. The U.S. markets close mixed as well. Here’s your April 13 afternoon grain and oilseed market update.
Canola futures were weaker on Friday, as losses in Chicago soyoil weighed on values. However, a rally in soymeal helped pull soybeans higher. Corn was lower, while wheat ended mixed. Position evening ahead of the weekend was a feature. Here’s Phil Franz-Warkentin of the Western Producer Markets Desk with your April 10 closing grain and […] Read more
Analysts disagree if canola prices will fall if Strait of Hormuz opens Canola’s strong ties to crude oil is a cause for concern says analyst Bruce Burnett. Nearby canola futures have rallied due in large part to surging crude prices. Some countries are also increasing biofuel blending to help combat rising oil prices caused by […] Read more
Canola futures took back some of yesterday’s losses, underpinned by gains in crude oil and ideas the declines were overdone. Soybeans in Chicago were also higher, while wheat and corn were lower as markets reacted to updated supply/demand estimates form the U.S. Department of Agriculture. Here’s Phil Franz-Warkentin of the Western Producer Markets Desk with […] Read more
Canola futures fell sharply lower on Wednesday as a tentative ceasefire in the Middle East weighed heavily on crude oil. Soyoil was also lower, but soybeans held onto small gains in the U.S. Corn and wheat futures were weaker. Here’s Phil Franz-Warkentin of the Western Producer Markets Desk with your April 8 closing grain and […] Read more
Canola futures were weaker, falling to the lower end of their sideways trading range as traders booked profits amid escalating uncertainty over the war in Iran. Soybeans and corn in Chicago were also lower, while wheat ended narrowly mixed. Here’s Phil Franz-Warkentin of the Western Producer Markets Desk with your April 7 closing grain and […] Read more
Canola futures traded to both sides of unchanged on Monday, settling with small losses despite a rally in Chicago soyoil. Uncertainty over ceasefire negotiations in the Middle East kept some caution in the grains and oilseeds, with corn and soybeans higher on the day and wheat lower. Here’s Phil Franz-Warkentin of the Western Producer Markets […] Read more
Canola futures were supported by rising crude oil prices and a weaker Canadian dollar on Thursday. Wheat recovered some of Wednesday’s losses, while corn, oats and soybeans were down. There will be no trading on Friday due to the Good Friday holiday. Here’s Adam Peleshaty of The Western Producer with your April 2 closing grain […] Read more
As provincial entomologist for Manitoba Agriculture, it’s safe to say that insects are pretty much always on John Gavloski’s mind. But there’s one bug in particular that he’ll be watching closely in 2026: the cabbage seedpod weevil. Survey numbers of the cabbage seedpod weevil exploded in 2025 in some canola growing areas of Manitoba. It […] Read more
Canola futures and U.S. grains were weaker on Wednesday as risk premiums evaporated and oil prices declined due to renewed optimism over the possible end to the war in Iran. Wheat prices were also pressured by rains forecast for the U.S. Plains. Here’s Adam Peleshaty from The Western Producer with your April 1 closing grain […] Read more