U.S. winter wheat acreage remains stable

We might have found the bottom for how low U.S. winter wheat acreage can fall. Most analysts expected that with disappointing wheat prices, American farmers would again cut their winter wheat seeding in the fall by one to 1.5 percent, even though last year’s crop area was already the smallest since 1909. The range of […] Read more

Where will shrinking pulse acreage go in 2018?

Canadian pulse seeded area will likely be down significantly in 2018 because neither prices nor demand are likely to improve soon. That raises the question of where the former pulse acres go. For many, it will likely mean more canola area, and that raises worries about disease pressure. Pulse area surged in the past few […] Read more

Editor departs but will continue column

Before we get into the markets, I’ll note that this will be my last column as a member of the Western Producer staff. After about 34 wonderful years in journalism, 21 1/2 of them at this fine newspaper, I am taking early retirement. I am blessed with many interests and look forward to spending more […] Read more

Canola heads into holiday season on a downturn

Canola’s value compared to soybeans was fairly strong this fall, but its shine has dulled with recent events, particularly the decline in vegetable oil values. On Nov. 1, the price of January canola was $11.76 per bushel, while Chicago January soybeans, converted into Canadian dollars were $12.69, meaning canola’s price was about 93 percent of […] Read more

VIDEO: Canada’s agricultural markets update – December 20, 2017

D’Arce McMillan, The Western Producer markets editor, monitors trends in the North American and global agricultural markets. Each week he hosts a market video about crops. The video is designed to help viewers understand the forces responsible for changes in the trade. If agricultural markets are important to you, we have you covered.

Canola edges higher Tuesday on bargain buying

ICE Canada canola futures rose on Tuesday for just the second time in 10 sessions, on bargain-buying and a slowdown in technical selling. Higher Chicago soyoil prices added strength to canola. * January canola gained $2.60 to $493.80 per tonne. Most-active March canola rose $2.40 to $501.10. U.S. soybean futures fell for the ninth time […] Read more

Canola falls $10.10 per tonne on week on comfortable supply

ICE Canada canola futures edged higher on Friday, halting a seven-session skid on support from a weakening Canadian dollar. Canola’s slide began with a Dec. 6 Statistics Canada report that showed a much larger Canadian canola harvest than expected. January canola added $1 to close at $495 per tonne. Compared to the previous Friday, the […] Read more

Argentina rain dampens oilseed market Thursday

Expectations for improved soil moisture in Argentina with the forecast for weekend rain pressured oilseeds lower on Thursday. Soybeans were down a little more than one percent and canola fell a little less than one percent. The loonie has rallied back above US78 cents. Corn was basically unchanged and wheat rallied slightly on short covering […] Read more

Weak loonie masks effects of big U.S. stocks

The falling Canadian dollar largely offset the negative impact on local markets of the larger than expected crop numbers in last week’s Statistics Canada report. Canola futures barely budged last week and prairie cash spring wheat prices fell less than the American wheat futures market, thanks mostly to a decline in the value of the […] Read more

Canola below $500 on technical weakness

Canola futures continued to slide on Wednesday but American crop futures edged higher on a round of short covering. The biggest market news of the day came from the Federal Reserve. As expected, it raised its interest rate by 25 basis points. Canola futures are under pressure as technical indicators are negative. And trading will […] Read more