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.
ICE canola weekly outlook: Uptrend intact despite selloff
Nov canola holds above 20-day moving average
Saskatchewan crops in need of rain: report
Intense storms cause some damage
Isolated showers across Saskatchewan during the week ended June 16 brought welcome moisture, but "a good general rain is needed to help push crop development and ensure the crop doesn't begin to deteriorate in condition," said the latest provincial crop report released June 19.
Varied rains leave parts of Manitoba in need of moisture: report
Planting 100 per cent complete
Varied rainfall across Manitoba left many areas of the province still in need of precipitation, with accumulations at 60 per cent of normal in eastern, Interlake and northwestern regions, reported Manitoba Agriculture in its latest weekly crop report.
Prairie wheat bids dip with U.S. futures, rising loonie
Durum narrowly mixed
Hard red spring wheat bids in Western Canada softened during the week ended June 12, as losses in the United States futures and strength in the Canadian dollar weighed on values.
Feed grain weekly: Larger world barley crop expected in 2025/26
USDA predicts 2.5 million-tonne increase on year
Global barley production in 2025/26 is forecast to increase by 2.5 million tonnes in 2025/26, with larger crops in the European Union and Russia more than countering smaller crops elsewhere, according to the latest estimates from the United States Department of Agriculture.
Sporadic rains lead to varied crop development in Saskatchewan
Seeding 100 per cent complete
Rains were welcome across much of Saskatchewan during the week ended June 9, but topsoil moisture levels declined and crop damage was a concern in areas that missed out on the precipitation, said the latest provincial crop report.
Manitoba crops 99 per cent planted
Five points ahead of average
Seeding operations across Manitoba largely wrapped up during the week ended June 10, with 99 per cent of intended acres in the ground, according to the latest provincial crop report. That was up four points from the previous week and compares with the five-year average of 94 per cent done.
Pulse weekly: Canadian pea exports up in April
China the largest destination despite tariffs
Canadian pea exports were up in April, with China the largest destination despite new trade barriers, according to the latest Statistics Canada data.
ICE canola weekly outlook: Weather to drive market
Conditions range from too dry to too wet
Weather conditions across the Canadian Prairies will likely be a major driver of the canola futures market in the weeks ahead, as attention shifts from the tight old crop supply situation to the prospects for the new crop.
CBOT weekly: Weather in focus for soybeans, corn and wheat
Weather conditions will be a major factor moving grain and oilseed markets in the United States over the next few months, as seeding operations wrap up and attention turns to the developing crops.