ICE January 2023 canola (candlesticks) with 20- and 50-day moving averages. (Barchart)

ICE weekly outlook: Trader sees canola topping $900 mark soon

Crush margins at 'very, very extreme levels'

MarketsFarm — Despite surpassing the $900 per tonne mark at times during the week ended Wednesday, ICE Futures’ January canola contract never settled above that psychological level. Rising prices prior to the weekend later gave away to selling pressure after the weekend due to a correction in vegetable oil prices, according to broker Ken Ball […] Read more

(OceanFishing/iStock/Getty Images)

CBOT weekly outlook: Rising U.S. corn, soy yields ‘a little surprising’

'Somehow the USDA found higher yields'

MarketsFarm — Updated estimates in the U.S. Department of Agriculture’s monthly supply/demand report, released Wednesday, saw larger than expected increases to soybean and corn yield estimates in the country. However, that data did little to move the markets, with the commodities likely stuck in a sideways range for the time being, according to a trader. […] Read more


A freight train at Manchac, La., about 75 km east of Baton Rouge. (CN.ca)

U.S. railroads, union extend strike deadline until at least Dec. 4

Teamsters warn against 'blatant attempt to cause panic'

Washington | Reuters — A group representing major railroads and a union that voted to reject a new contract said Wednesday they had agreed to extend a potential strike deadline until at least Dec. 4. The National Carriers’ Conference Committee (NCCC) and the International Brotherhood of Teamsters (BMWED) that represents 11,000 workers extended the current […] Read more

CBOT December 2022 soft red winter wheat (candlesticks) with 20-day moving average (green line), MGEX December 2022 hard red spring wheat (yellow line) and K.C. December 2022 hard red winter wheat (orange line). (Barchart)

U.S. grains: Wheat drops as USDA raises global supply view

USDA lifts U.S. corn, soy yield views; stocks still tight

Chicago | Reuters — U.S. wheat futures fell on Wednesday after the U.S. Department of Agriculture (USDA) unexpectedly raised its global supply outlook in a monthly report, citing larger crops in Australia, the U.K. and Kazakhstan that offset lower Argentine and EU production. A firmer U.S. dollar also weighed on wheat, along with optimism about […] Read more


Green lentils. (Savany/iStock/Getty Images)

Pulse weekly outlook: Price disconnect between lentil growers, destinations

Stronger loonie pressures prices

MarketsFarm — There’s something of a disconnect in green lentil prices, between what Canadian farmers have seen recently and to where those pulses are being sold, according to Toronto-based Marcos Mosnaim of Export Packers. Green lentils increased in price up until a couple of weeks ago, Mosnaim said. “It was a combination of farmers not […] Read more

CBOT December 2022 soft red winter wheat with Bollinger bands (20,2). (Barchart)

U.S. grains: Wheat, corn, soy ease as traders await crop data

Wheat traders eye Black Sea supplies

Chicago | Reuters — U.S. grain and soybean futures on Tuesday eased on long liquidation ahead of the release of widely followed government crop forecasts on Wednesday, analysts said. The wheat market also grappled with Black Sea supply prospects as Ukraine sought to expand a grain deal allowing exports from Black Sea ports. The most-active […] Read more


(Dave Bedard photo)

Fund short position in canola dips to four-month low

Net long increases in CBOT soybeans

MarketsFarm — Speculators were busy covering short positions and putting on some fresh longs in the canola market during the week ended Nov. 1. That lowered the net short position in the ICE Futures canola market to its smallest level since the beginning of July, according to the latest Commitment of Traders (CoT) report compiled […] Read more

CBOT January 2023 soybeans (candlesticks) with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soybeans, corn sag on worries about China demand

Upcoming USDA data in focus

Chicago | Reuters — U.S. soybean futures dropped on Monday, retreating from a six-week high, pressured by fears about export demand after top buyer China denied it was considering easing its stringent zero-COVID policy. Traders were also adjusting positions ahead of monthly supply-and-demand reports due at mid-week from the U.S. Department of Agriculture (USDA). Wheat […] Read more



Garner Deobald’s Charolais heifers eat canola meal from a trough during his work with the canola meal research project.

Canola meal for cattle. What are the gains?

An on-ranch research project analyzes the costs and gains of feeding canola meal to yearlings

Hodgeville, Sask., looks like it could be a postcard for the province — surrounded by flat fields and cattle grazing in nearby pastures, while an old elevator stands watch at the edge of town on Railroad Avenue, just like so many other small towns in the Canadian Prairies.   In contrast, Big Muddy Valley, located near […] Read more