Bruce Burnett - Analysis

The Good: The spring wheat contract moved up by five cents per bushel today which was the largest upward move for the wheat contract since July 1. September spring wheat futures increased by five cents per bushel during the session and closed at US$$5.74 per bushel. Spring wheat futures followed the winter wheat contracts which ended […] Read more

The Good: China continues to be the lead destination for Canadian exports with total exports this crop year hitting 9.23 million tonnes at the end of June. This the fifth largest crop year exports to China in the past 10 years. Canola exports to China this crop year are slightly higher than last year at […] Read more

The Good: Corn conditions remained at 73 per cent good to excellent during the week ending on August 3. The ratings for the corn crop is good news for U.S. farmers in the Corn Belt. The farmers in Iowa remain very happy with the condition of their corn crop as 85 per cent of the crop […] Read more

The Good: Average wholesale diesel prices in Canada dropped by nearly one cent per litre last week. The average price of C$1.123 per litre remains the second highest in the past 10 years. The good news is that diesel prices have remained mostly flat through the calendar year. The U.S. Energy Information Agency (EIA) also […] Read more

The Good: The nearby soybean oil contract (September) hit a new contract high today and closed the day at 57.20 U.S. cents per pound. This rally was partially due to a record purchase of soybean oil by India. India bought 150,000 tonnes of soybean oil from China. The news was viewed as being positive, but […] Read more

The Good: The soybean conditions improved by two per cent in the week ending on July 27, 2025. This makes the 2025 crop the second highest rated U.S. soybean crop in the past 10 years. The only year that had higher ratings was 2020 which eventually saw ratings dip through the month of August. Iowa continues […] Read more

The Good: Wheat exports rebounded in during the last week (50) ending on July 20, 2025 and totaled 558,400 tonnes. This pushed the total exports to 21.7 million tonnes which is nearly 500,000 tonnes above the 2023-24 crop year exports. Durum exports were also very strong at 95,000 tonnes which pushed current year exports to 5.6 […] Read more