ICE Futures canola contracts were underpinned by a rally in Chicago soyoil during the week ended Feb. 18, but the Canadian oilseed ran into upside chart resistance that tempered gains.
ICE canola weekly outlook: Rallying soyoil supportive
U.S. grains: Soybeans steady, grains higher
SOYBEAN futures at the Chicago Board of Trade were narrowly mixed at the Wednesday’s close, holding near three-month highs. WHEAT futures corrected higher amid ideas recent losses were overdone. CORN futures were up in sympathy with wheat, with positioning ahead of the U.S. Department of Agriculture’s Ag Outlook Forum a feature.
CBOT weekly: Little chance of February rally in corn/soybeans
Updated supply demand estimates from the United States Department of Agriculture, released Feb. 10, included only minor adjustments and provided little direction for the corn and soybean markets headed through the slow February trading period.
Only small adjustments in latest USDA supply/demand estimates
Corn ending stocks in the United States for 2025/26 will be slightly tighter than earlier expectations, but still record-large, according to updated supply/demand tables from the U.S. Department of Agriculture released Feb. 10.
Funds exiting short positions in canola
Speculative fund traders reduced their net short position in canola futures for the fourth straight week in the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC) released Friday.
Large Prairie crops lead to increased December stocks
Bumper crops in Western Canada led to larger stocks of wheat, canola, barley and oats in the country as of Dec. 31, 2025, according to the latest stocks of principal field crops data from Statistics Canada, released Feb. 6.
Feed grain weekly: Barley bids firm in early February
Feed grain bids in Western Canada have shown some modest strength recently, although holding rangebound overall.
Prairie CWRS wheat bids mixed to start February
Canada Western Red Spring wheat bids held relatively steady during the week ended Feb. 3, with small price declines in some areas and increases in others.
Pulse weekly: Canadian pea/lentil exports slow to start 2025/26
Canadian pea and lentil exports were down in November, with total movement of the two pulses during the 2025/26 (Aug/Jul) crop year-to-date running behind the year-ago pace, according to the latest international trade data from Statistics Canada released Jan. 29
ICE canola weekly outlook: More upside possible
ICE canola futures have trended steadily higher for the past month, with more upside possible from a chart standpoint as market participants continue to account for easing tariffs from China.
Cyber-Savvy Farmer
