(Greg Berg photo)

CBOT weekly outlook: Soy futures find support, but upside limited

Corn activity mainly bearish

MarketsFarm — Solid export demand, a short squeeze by fund traders and production uncertainty in South America have all propped up Chicago soybean futures over the past week, with more gains possible ahead of the year-end before correcting lower, according to an analyst. With the South American harvest still some time away, “you might have […] Read more

ICE January 2023 canola with Bollinger bands (20,2). (Barchart)

ICE weekly outlook: Canola’s sideways market nears low end of range

January down last six sessions

MarketsFarm — ICE Futures canola contracts slid lower during the week ended Wednesday but remain stuck in a sideways trading range overall. The January contract has held within a range from $800 to $900 per tonne for the past five months, with the market still well within that range despite losing over $50 per tonne […] Read more


Grain ships carrying Ukrainian grain are seen in the Black Sea, amid Russia’s attack on Ukraine, near Ukrainian port of Odesa, Ukraine Oct. 30, 2022. (Photo: Reuters/Serhii Smolientsev)

Black Sea grain export deal extended

Deal's terms unchanged; Moscow to still seek removal of obstacles to grain, fertilizer exports

Reuters — A deal aimed at easing global food shortages by helping Ukraine export its agricultural products from Black Sea ports was extended for four months on Thursday, though Russia said its own demands were yet to be fully addressed. The agreement, initially reached in July, created a protected transit corridor and was designed to […] Read more

ICE January 2023 canola (candlesticks) with Bollinger bands (20,2) and ICE March 2023 canola (black line). (Barchart)

ICE weekly outlook: Premium showing in front-month canola

'Surge' of farmer selling expected in January

MarketsFarm — The ICE Futures canola market held rangebound during the week ended Nov. 16, with the widening premium of the nearby January contract over the March futures seen as a sign of good nearby demand. ICE January canola settled Wednesday at $882.40 per tonne, a $10.50 per tonne premium over the March contract. That […] Read more


Cargo ship Despina V, carrying Ukrainian grain, is seen in the Black Sea off Kilyos near Istanbul, Turkey on Nov. 2, 2022.  (Photo: Reuters/Umit Bektas)

Reasons for optimism seen on renewal for Ukraine grain deal

Deal set to roll over on Saturday

Reuters — A United Nations source on Wednesday said they have reasons to be “cautiously optimistic” on the renewal of a Black Sea grains export agreement, which is set to roll over on Saturday unless there are objections. The U.N.-backed agreement on July 22 allowed grain shipments to resume from certain Ukrainian ports on the […] Read more

ICE January 2023 canola (candlesticks) with 20- and 50-day moving averages. (Barchart)

ICE weekly outlook: Trader sees canola topping $900 mark soon

Crush margins at 'very, very extreme levels'

MarketsFarm — Despite surpassing the $900 per tonne mark at times during the week ended Wednesday, ICE Futures’ January canola contract never settled above that psychological level. Rising prices prior to the weekend later gave away to selling pressure after the weekend due to a correction in vegetable oil prices, according to broker Ken Ball […] Read more


File photo of a sunrise over an Alberta barley crop. (MNphotography/iStock/Getty Images)

Alberta issues final crop report for year

Harvest over 98 per cent done by region and crop type

MarketsFarm –– For the second year in a row the Alberta harvest wrapped up well ahead of the five-year average. With a gain of three points for the week ended Tuesday, Alberta Agriculture, Forestry and Rural Economic Development (AFRED) pegged the combining of major crops at 99.2 per cent complete. That’s 22 and a half […] Read more



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It’s good to be green — canola cleared under new ‘clean fuel’ regulations

Canola sector fought hard for rules that wouldn’t tie growers in red tape

Reading Time: 4 minutes Farmers are closer to having a major new canola market — large-scale biofuel production — following the release of federal Clean Fuel Regulations intended to reduce greenhouse gas emissions. The regulations indicate prairie growers have finally made the cut after years of negotiations between canola industry representatives and government. Canola is now fully accepted as […] Read more