The Good, Bad & Ugly

The Good: The U.S. soybean oil markets shrugged off a neutral to bearish USDA report and closed sharply higher. The nearby March contract closed the day up 1.17 per cent to settle at 50.27 U.S. cents per pound. Since the recent contract low that was established just before Christmas, the nearby soybean oil contract rallied by […] Read more


AM Market Report – January 12, 2025

GOOD MORNING…HERE IS YOUR MORNING MARKET NEWS OVERNIGHT GRAIN TRADE Grain markets are trending higher to start the new week heading into today s USDA report barrage, one the agency s largest data releases of the year. ICE canola futures are rallying $6 to $7/tonne higher this morning. Last week ended Friday, nearby Mar canola […] Read more


Prairie Weather

Mild weather pushed across the Prairies on the weekend with northern areas of Alberta and Saskatchewan receiving rain/snow this morning. The rest of the Prairies are expected to be dry through the day. A high pressure system has pushed into the Prairies and will remain in place for most of the week. This will result […] Read more




The Good, Bad & Ugly

The Good: Canola rallied for the fifth consecutive session which is good news for the market. The March contract closed up by C$5.90 to settle at C$625.90 per tonne. The good news is that canola is close to testing the C$630 level which is a significant technical level for the contract. Even better news was the […] Read more

AM Market Report – January 8, 2025

GOOD MORNING…HERE IS YOUR MORNING MARKET NEWS OVERNIGHT GRAIN TRADE ICE canola futures are up again this morning for what has been an encouraging start to 2026…trading another $4 to $5/tonne higher through the overnight session. Short-covering associated with spec fund commodity position rebalancing has at least played some role supporting this oversold market, along […] Read more


The Good, Bad & Ugly

The Good: The canola market closed up by C$6.10 per tonne with the March contract settling at C$620 per tonne. The move today pushed the contract above the 20 day moving average. The March contract is still 18.19 per tonne lower than the 50 day moving average. This is close to the upside target for […] Read more

AM Market Report – January 7, 2025

GOOD MORNING…HERE IS YOUR MORNING MARKET NEWS OVERNIGHT GRAIN TRADE ICE canola futures are trading $5 to $6/tonne higher to start this morning…getting some support from the CBOT soy complex rally and a report this morning that Prime Minister Mark Carney will visit China next week on a diplomatic repair mission (see story below). Chicago […] Read more