Grain bins

Few changes in March USDA report

Increased projections for South American corn, soybeans, U.S. wheat carryout

The United States Department of Agriculture’s (USDA) monthly supply/demand estimates, released on March 8, were largely left unchanged, the exceptions being South American corn and soybeans as well as U.S. wheat.






Photo: Greg Berg

ICE weekly outlook: No reason for strong rally in canola 

Canola likely to pull back once trading gets back into full swing in New Year

There were strong gains for canola on the Intercontinental Exchange on Dec. 27, as trading resumed after being closed for Christmas and Boxing Day. However, the gain will likely not be the prelude to a major upswing in the oilseed’s prices. Rather, canola is likely to pull back once trading gets back into full swing after the New Year, according to analyst Bruce Burnett of MarketsFarm.