ICE futures canola contracts fell to their lowest levels in two months during the first week of August, with speculative long liquidation behind some of the selling pressure.
Daily news
ICE canola weekly outlook: Spec selling weighs on market
Charts turning bearish
Canadian Cattle Association focused on CUSMA review as trade talks with U.S. continue
As trade talks with the U.S. continue, the Canadian Cattle Association says it's pleased to see a focus on the upcoming review of the Canada-U.S.-Mexico trade agreement (CUSMA) while maintaining tariff-free access for CUSMA-compliant goods.
Prairie forecast: Merging lows bring plenty of chances for rain
Forecast issued Aug. 6, covering Aug. 6 to 13, 2025
For this forecast period we start with a small but fairly potent area of low pressure lifting northwards through Manitoba. Meanwhile, weak high pressure is covering Alberta and Saskatchewan.
Glencore says long-term strategy may involve sale of Bunge stake
Miner and trader Glencore said on Wednesday that its long-term strategy could involve the sale of its 16.4 per cent stake in enlarged global agribusiness Bunge Global some time in the future.
Bayer CEO: we will have to stop U.S. glyphosate production if nothing changes
Bayer on Wednesday said it would be forced to stop its U.S. production of widely-used farming weedkiller glyphosate unless regulatory or legal changes are made to stave of litigation that has been weighing on the German company.
Pulse Weekly: Exports down month-to-month
Exports for 2024-25 remain solid
Canadian pulse exports were down in June, but remain solid with one month left in the 2024-25 marketing year, according to Statistics Canada.
U.S. livestock: Cattle futures surge, hogs up
Chicago cattle futures surged on Tuesday to sit just under highs. Hog contracts also made gains.
U.S. grains: Wheat, corn sink to contract lows as large supply weighs
Chicago wheat futures plunged to contract lows on Tuesday to approach their lowest point since 2020 as sinking corn futures and seasonal supply pressure from Northern Hemisphere harvests weighed on the market, traders said.
Klassen: Feeder market in price discovery mode
For the week ending August 2, Western Canadian feeder cattle markets traded steady to as much as $10 higher. Quality yearling packages off grass were up as much as $15 in some cases. Prices for similar weight cattle were quite variable across the Prairies, which made the market hard to define. The market appears to be in price discovery mode for the grass yearling market.
Keep it clean on pre-harvest chemical use
Farmers urged to toe the line on pre-harvest pesticide application and market product restrictions to avoid grain marketing headaches
Canadian farmers urged to toe the line on pre-harvest pesticide application and market product restrictions to avoid grain marketing headaches.
