Reading Time: < 1 minute Canola futures broke below major chart support levels in mid-April, with nearby price trends all turning lower as attention in the market turns to the upcoming crop.
ICE canola weekly outlook: Trends shift lower once again
USDA holds steady on Brazilian production estimates
Reading Time: 2 minutes Soybean and corn production in Brazil remains uncertain after a pair of conflicting reports released April 11.
Attention in CBOT soybeans/corn turning to spring weather
Reading Time: 2 minutes North American weather conditions should become a major influence on the activity in the grain and oilseed markets in the upcoming weeks as farmers turn their attention to spring seeding.
Mixed outlook on global canola production
Reading Time: < 1 minute Australian canola production is expected to rise in 2024/25, while the European rapeseed crop will likely be smaller on the year, according to updated estimates from the United States Department of Agriculture’s Foreign Agricultural Service.
Net short position in canola continues to shrink
Reading Time: < 1 minute Managed money fund traders continue to chip away at the large net short position in canola futures, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Spring wheat futures find support, soybeans/corn rangebound
Reading Time: 2 minutes After hitting their softest levels in three years, the Minneapolis spring wheat market uncovered some support on April 3, although all the spring-seeded U.S. crops could hold rangebound through the planting season.
U.S. pulse area to rise in 2024
Reading Time: 2 minutes Area seeded to pulse crops in the United States should see a significant increase in 2024, with early indications pointing to more lentils, chickpeas, peas and edible beans going in the ground this spring.
Large fund short position shrinking in canola
Reading Time: < 1 minute Managed money fund traders continued to chip away at their large net short position in canola in mid-March, covering more of their large bearish bets, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Spring wheat bids edge higher in Western Canada
Reading Time: 2 minutes Spring wheat bids in Western Canada moved higher during the week ended March 21, as wheat futures in the United States continued to recover off their nearby lows.
Seasonal trends underpinning feed grains for now
Reading Time: < 1 minute Feed barley bids in Western Canada continue to find some support as the calendar turns to spring, with seasonal road restrictions lending some nearby support to prices.
A message from April Stewart, Country Guide's Associate Editor
