Canadian farmers’ troubles with excess moisture were driving agricultural futures prices higher again on Tuesday morning.Chicago nearby oats futures were up about 24 cents by late morning at $2.71 per bushel. Daily trading limits were expanded to 30 cents after the market closed up the normal 20-cent limit on Monday.In Winnipeg, nearby canola was up $8.80 per tonne. China has agreed to a one-year extension of its limited exemption on its canola import ban associated with blackleg concerns.The exemption allows imports of Canadian canola with blackleg at certain ports away from rapeseed-rowing areas.Minneapolis hard spring wheat was down four cents on profit taking after a strong gain on Monday. The condition of the hard red winter wheat crop in the U.S. was 86 percent good to excellent as of June 13, the same as the week before and up from 44 percent last year at this time.However, wet weather is delaying the winter wheat harvest in Texas and Oklahoma, causing disease problems in Kansas and Nebraska and lowering protein.
Excess moisture drives futures higher
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