ICE Futures canola fell from contract highs as summer officially began and wild swings in outside markets weighed on values. However, support held to the downside and the uptrend remained intact ahead of a pair of key reports that could provide some nearby direction.
Markets

ICE canola weekly outlook: Uptrend intact despite selloff
Nov canola holds above 20-day moving average

Pulse Weekly: Manitoba beans, peas in good shape
Keeping on crop development over next few weeks
Dry beans and field peas are in good shape so far in 2025, said Daryl Domitruk, executive director for Manitoba Pulse and Soybean Growers.

U.S. grains: Chicago corn drops to more contract lows as heavy supply weighs
Chicago Board of Trade front and back-month corn futures notched lifetime lows on Wednesday on expectations of a hefty Brazilian corn crop and a lack of weather threats for the large U.S. corn crop that has recently been seeded, traders said.

CBOT Weekly: Prices tumble, uncertainty ahead
Weather, supply pressures weigh on grains
Grain futures fell on the Chicago Board of Trade last week with more uncertainty waiting in the wings.

SAF mandates prepare for takeoff
Used cooking oil is expected to be the intial feedstock for sustainable aviation fuel, but other sources will eventually be needed
Sustainable aviation fuel is finally taking off, say analysts.

Agricultural consultancy Sovecon raises 2025 Russian wheat crop forecast
Agricultural consultancy Sovecon said on Wednesday it had slightly raised its forecast for Russian wheat production for 2025 by 0.2 million metric tons to 83.0 million metric tons, citing improved crop conditions in parts of central Russia.

Middle Eastern turmoil uppends markets
The main impact on Western Canadian agriculture could be from increased input costs including diesel and fertilizer
The main impact of the conflict on Western Canadian agriculture will be from increased input costs.

Prairie weather could mean higher prices
Lack of rainfall is putting some snap into new crop canola contracts
Growers in all three Prairie provinces are very likely to be finished seeding this week, however, the benefits of seeding crops weeks early may be cancelled out by another dry summer.

U.S. grains: Chicago wheat falls on harvest pressure; corn hits contract lows
Chicago wheat futures sank on Tuesday on pressure from the ongoing harvest in the U.S. Plains and Black Sea as well as a lack of weather threats, analysts said.

U.S. livestock: Lean hogs tick down on technical selling, cattle mixed
Chicago Mercantile Exchange lean hog futures edged lower on Tuesday on technical selling after setting contract highs in the previous session as traders weighed whether a seasonal peak in cash hog prices has petered out, analysts said.