ICE Futures canola contracts were underpinned by a rally in Chicago soyoil during the week ended Feb. 18, but the Canadian oilseed ran into upside chart resistance that tempered gains.
Markets
U.S. grains: Soybeans steady, grains higher
SOYBEAN futures at the Chicago Board of Trade were narrowly mixed at the Wednesday’s close, holding near three-month highs. WHEAT futures corrected higher amid ideas recent losses were overdone. CORN futures were up in sympathy with wheat, with positioning ahead of the U.S. Department of Agriculture’s Ag Outlook Forum a feature.
CBOT Weekly: Choppy futures looking for direction
Choppy futures on the Chicago Board of Trade were looking for direction during the week ended Feb. 18, 2026.
India expected to increase its lentil import duty
The government is thought to be considering hiking the existing 10 per cent duty to 30 per cent as of April 1
AgPulse Analytica expects India to hike its lentil duty to 30 per cent as of April 1.
Prairie Wheat Weekly: Cash prices mostly higher
Western Canadian cash prices for spring wheat were mostly higher and those for durum were a pinch lower for the week ended Feb. 17. A firmer tone United States wheat complex offered support, as did the Canadian dollar which lost six-tenths of a cent on the week.
As U.S. agriculture flails, farmers see big corn acres as best bet to break even
U.S. farmers are expected to only cut back slightly on corn acres as it nears break-even prices and seems less politically risky than soybeans.
Pulse Weekly: Lentil prices currently lacking direction
There’s little at the present time to guide cash prices for lentils on the Canadian Prairies, said Marcos Mosnaim of Prairie IX in Toronto.
New Agricultural Supply and Demand Estimates report makes only incremental changes
The February WASDE report followed the expected script with only minor changes to the U.S. Supply and Demand (S&D) tables.
Canola needs more funds to counter Chinese uncertainty
Any exporting country should work hard to have access and close relationships with China. But, China has repeatedly used access to its market as a tool to coerce other countries to bend to its demands.
Klassen: Feeder market eyes fed cattle for direction
For the week ending February 14, Western Canadian feeder cattle prices were relatively unchanged compared to seven days earlier. The deferred live cattle futures have been consolidating in a narrow range over the past month, which has limited the upside in the feeder complex. Supplies of yearlings or replacements over 800 pounds are increasing as […] Read more
Markets