Canola futures were trending higher to start the New Year, with the nearby technical signals showing more room to the upside. However, continued strength will require additional outside support.
Markets
South American harvest to pressure oilseed markets
The large harvest in South America heralds the beginning of a potential large surplus in soybean production during the 2026-27 marketing year.
Chinese investment boosts Brazilian agricultural growth
Agricultural powerhouse Brazil is investing heavily in expanding production and improving its export infrastructure and appears to have few qualms about accepting Chinese investment to reach its goals.
Prairie Wheat Weekly: CWRS slips, as CPSR, durum rise
Spring wheat cash prices were mixed while those for durum were a little higher across the Canadian Prairies for the two-week period ended Jan. 6.
BASF calls InVigor Gold a key technology
Mustard growers raise red flags
A new canola hybrid can handle hot and dry conditions, which helps farmers cope with climate extremes, says BASF
Brazil surpassing U.S. as top beef producer, easing global supply squeeze
Brazil surpassed the U.S. as the world’s top beef producer last year, according to market estimates, after the South American country beat output forecasts by hundreds of thousands of tons, easing a global supply squeeze and helping limit a surge in meat prices.
Carney to visit China next week, spokesperson says
Prime Minister Mark Carney will visit China January 13-17, his office said on Wednesday, in what will be the first visit by a Canadian prime minister since 2017.
U.S. livestock: Cattle rise, lean hogs mixed
Chicago lean hog futures ended Tuesday mixed while cattle made gains. Most-active February lean hog contracts closed down 0.475 cents at 85.675 cents a pound. April futures gained 0.075 cents to settle at 91.575 cents per pound. The USDA reported pork carcass cutout value at $91.25 per cwt on Tuesday afternoon, down $2.59. Most-traded February […] Read more
U.S. grains: Soybeans retreat from one-week high on China purchases
Chicago | Reuters – Chicago Board of Trade soybean futures ended lower on Tuesday after jumping earlier to a one-week high as top importer China bought more U.S. supplies. Corn and wheat futures also finished weaker, with agricultural markets pulling back from gains during the previous session. Soybean futures turned down after the U.S. Department […] Read more
Pulse Weekly: Lentils, peas facing challenges
Lentils and peas will be among those pulse crops facing challenges not only in January, but also for the rest of the 2025/26 marketing year and possibly beyond that, said Marlene Boersch of Mercantile Consulting Venture Inc. in Winnipeg.
Markets