The Good: The canola market recovered in today’s session with the nearby contract jumping by C$9.90 per tonne to settle at C$704.10 per tonne. The good news is that canola posted gains despite weak outside oilseed markets. Soybean futures dropped by five cents per bushel. Soybean oil futures posted small gains of 0.17 cents per pound. […] Read more
Stories by Bruce Burnett - Analysis
The Good, Bad & Ugly
The Good: The corn market dropped by 17 cents per bushel today as the weather in the Corn Belt was favorable during the long weekend. Market participants had moved to the sidelines last week before the July 4 holiday in the U.S. Rains over the weekend covered most of the northern Corn Belt region, while southern […] Read more
The Good, Bad & Ugly
The Good: Canadian wheat exports were strong in the week ending on June 30 with the total hitting 477,600 tonnes. This pushed crop year to date wheat exports to 20.44 million tonnes. Wheat exports were primarily from west coast terminals which accounted for 388,500 tonnes of the total. St Lawrence terminals shipped 74,000 of wheat […] Read more
The Good, Bad & Ugly
The Good: Spring wheat futures posted gains for the second consecutive session. Spring wheat September futures jumped by 20.5 cents per bushel to settle at US$6.49 per bushel. Spring wheat markets led the winter wheat contracts with Kansas City and Chicago wheat contracts moving up by 11 and 15 cents per bushel, respectively. Corn futures […] Read more
Canada, U.S. seeded area reports contain few surprises
Canada released its seeded area estimates on June 27 with most of the major crops near pre-report forecasts.
Middle Eastern turmoil uppends markets
The main impact on Western Canadian agriculture could be from increased input costs including diesel and fertilizer
The main impact of the conflict on Western Canadian agriculture will be from increased input costs.
Canadian agricultural exports set record pace this year
According to the Canadian Grain Commission, weekly exports to June 1 are up by 7.5 million tonnes from last year. The largest rise was in canola.
Wheat markets rebound but headwinds persist
Expectations of a large U.S. winter wheat crop weigh on prices, but dryness supports spring wheat in the futures market
Spring wheat futures markets have managed to bounce off contract lows over the past two weeks and are trading close to a two-month high.
Bond markets become antsy over debt financing
Canada is unlikely to be the primary target of bond vigilante action later this year, but the country still needs to be cautious
Bond markets continue to be volatile as they become concerned about debt financing by most governments in advanced economies.
New reports from USDA prove bearish for wheat
Survey finds U.S. winter wheat production could reach 1.381 billion bushels, which is 32.7 million bu. higher than last year
U.S. Department of Agriculture reports released on May 12 provided a bearish picture for the wheat situation in 2025-26. The Crop Production report provided the first glimpse of the yield potential of the 2025 U.S. wheat crop. Winter wheat production was forecast to be up by two per cent from last year. In the World […] Read more
