Spring wheat soars again, canola climbs with oilseeds

After trading as high as $6.93 a bushel, the Minneapolis September spring wheat contract closed at $6.86, up 17 ¼ cents or almost 2.6 percent on the day. Spring wheat rose after the USDA on Monday lowered the good to excellent rating of the crop to 40 percent. That was down from 41 percent the […] Read more

Prices rise on U.S. drought worries

Crop markets are dominated by worries about the U.S. Midwest drought. As a result, prairie farmers are seeing prices shoot high for crops that until recently didn’t seem to have great market prospects. The good news is that many analysts think this rally has legs to run. Nothing in recent U.S. Department of Agriculture reports […] Read more