A blooming canola field with some trees in the background.

Canola climbs higher but faces obstacles

Brisk exports lead to rising prices but tariffs and oil pricees loom in the background

The July canola contract on the Intercontinental Exchange reached a significant price level during the week ended May 1.



Close-up of the bean at the top of a soybean plant.

South American crop forecasts keep booming

Massive soybean and corn harvests in Brazil and Argentina are expected to keep a lid on prices for at least the first half of the year

Grain and oilseed farmers should not expect any price help from South America, say analysts. That region of the world is anticipating another bumper crop of corn and soybeans.

A low level shot of soybean plants.

Eyes on weather in South America

Market’s attention will shift to the U.S. crop once South America comes into sharper focus

South American weather will dictate how Argentina’s corn and soybean crops finish and the planting pace of Brazil’s winter or safrinha corn crop.

A graphic of two steel seacans, one painted as a Canadian flag, the other as a U.S. flag, hang from chains and banging together overtop a field of yellow blooming canola.

Canola trade seems unconcerned by tariff threat

The rapid export pace earlier in the year and a potentially large crush could speed up price rationing sooner than later

Canola prices could see significant movement whether or not United States President Donald Trump imposes tariffs.


Imported soybeans sit in a pile on a dock in China.

China hikes soy sales

BEIJING, China (Reuters) — China imported the most soybeans on record in 2024 as buyers concerned about rising U.S.-China trade tensions rushed to secure U.S. supplies ahead of U.S. president-elect Donald Trump’s inauguration. The world’s biggest buyer of the oilseed imported 105.03 million tonnes of soybeans in 2024, a 6.5 per cent increase from a […] Read more

Soybean pods shot from below with the sun and a clear blue sky in the background.

Soybean crop faces challenges in Brazil

SAO PAULO,Brazil (Reuters) — Dry weather is limiting soybean development in Brazil’s southernmost state, putting farmers on alert there at the same time as excessive rain is set to disrupt early harvest work in central areas of the country, according to meteorologists. Expectations for the 2025 soybean harvest in Brazil, the world’s largest producer and […] Read more