Feed grain prices on the Prairies stayed relatively steady for the week ended Sept. 25 as low cattle numbers in feedlots and light test weights for grains limit price gains.
The turnaround in canola futures on the Intercontinental Exchange indicates canola traders are ignoring issues with China and the strike among Port of Vancouver grain workers.
Canadian purchases of corn from the United States are off to a slow start in the 2024-25 marketing year, with ample old crop barley supplies likely limiting demand.
The harvest in Saskatchewan advanced 13 points for the week ended Sept. 16, at 74 per cent complete, despite rain in some parts of the province. The pace of combining was eight points behind this time last year, but 11 ahead of the five-year average.
Managed money fund traders added to their large net short position in canola in early September, while profit-taking saw a reduction in the bearish bets for soybeans and corn in Chicago, according to the latest Commitments of Traders report.