Agriculture Market Updates & Outlook

ICE review: Canola holds onto small gains Thursday

By GFM Network News March 12, 2026

Reading Time: < 1 minute Glacier FarmMedia — The ICE Futures canola market was stronger on Thursday, taking some direction from activity in outside markets. Gains in crude oil amid the ongoing conflict in the Middle East remained supportive for global vegetable oil markets. Chicago soyoil, European rapeseed and Malaysian palm oil were all higher. Widening canola crush margins contributed […] Read more

Markets

CBOT Weekly: Middle East conflict continues to rattle markets

By Adam Peleshaty March 12, 2026

Reading Time: 2 minutes The conflict in the Middle East is raising crop prices and plenty of price instability in the markets.

Futures

ICE canola continues higher in choppy trade

By GFM Network News March 12, 2026

Reading Time: < 1 minute Glacier FarmMedia — ICE Futures canola contracts were stronger at midday Thursday, but off their session highs in choppy activity. Gains in crude oil amid the ongoing conflict in the Middle East remained supportive for global vegetable oil markets. Chicago soyoil, European rapeseed and Malaysian palm oil were all higher on the day. Widening canola […] Read more

Markets

ICE canola outlook: Upside unknown given geopolitical risks

By Phil Franz-Warkentin March 12, 2026

Reading Time: < 1 minute Canola futures climbed higher during the week ended March 11, finding spillover support from advances in crude oil due to the escalating conflict in Iran and surrounding countries.

In a monthly report, the consultancy put EU soft wheat exports at 27.1 million metric tons, down from 27.6 million last month. Photo: Greg Berg

Markets, Reuters

Expana cuts EU wheat, barley export outlook due to Middle East war

By Reuters March 12, 2026

Reading Time: 2 minutes Consultancy Expana lowered its forecast for European Union soft wheat exports in the 2025/26 season for a fifth consecutive month after reducing projected wheat and barley shipments to the Middle East due to the war in the region, it said on Thursday.

For 2026, farmers are unlikely to change their planting plans despite hikes in fertilizer prices. However, a provincial ag official said if changes were made, they would most likely be to soybeans or pulses. Photo: Greg Berg

Cereals, Crops, Markets, News, Peas, Pulses, Soybeans

Manitoba farmers not too likely to change planting plans

By Glen Hallick - MarketsFarm March 12, 2026

Reading Time: 2 minutes Manitoba farmers won’t be too inclined this spring to switch from planting cereals and oilseeds to soybeans or pulses, despite recent hikes in fertilizer prices said an official with Manitoba Agriculture.

Total exports fell by 4.7 per cent in January, the largest drop since April last year. Exports declined in six out of 11 categories, StatsCan said. File photo

Markets, Reuters

Canada’s trade deficit widened in January, missing consensus estimates

By Promit Mukherjee, Reuters March 12, 2026

Reading Time: 2 minutes Canada’s trade deficit in January surprisingly widened as exports fell more than imports, led by a meaningful drop in shipments of motor vehicles and parts, data showed on Thursday.

Global markets

Global Markets: Iran war continues

By GFM Network News March 12, 2026

Reading Time: < 1 minute Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. The ongoing war in the Middle East showed no signs of easing on Thursday, with continued attacks from both sides. Iran’s new Supreme Leader Mojtaba Khamenei issued his first statement since the start of the war but did […] Read more

Futures

ICE canola in negative territory

By GFM Network News March 12, 2026

Reading Time: < 1 minute Glacier FarmMedia – Canola futures on the Intercontinental Exchange declined on Thursday morning despite positive momentum in comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were higher. Crude oil prices surged after Iran attacked vessels on the Strait of Hormuz. The International Energy Agency announced on Wednesday it will release 400 million barrels […] Read more

Currency Markets

Canadian Dollar and Business Outlook: Loonie slips back

By GFM Network News March 12, 2026

Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia – The Canadian dollar shed about a tenth of a cent on Thursday morning, despite another round of hikes in crude oil. As of 8:41 am CDT, the Canadian dollar was at US$0.7349 or US$1=C$1.3605 compared to Wednesday’s close of US$0.7360 or US$1=C$1.3587. On the United States Dollar Index, the […] Read more

Daily Network News

USDA attachés forecast some changes in China’s oilseeds, cereals

China urges hog producers to manage output, vows timely reserve adjustments

Farm Credit Canada offers aid to farmers, companies affected by Iran war price spikes

Markets

ICE review: Canola holds onto small gains Thursday

CBOT Weekly: Middle East conflict continues to rattle markets

ICE canola continues higher in choppy trade

ICE canola outlook: Upside unknown given geopolitical risks

Expana cuts EU wheat, barley export outlook due to Middle East war

Manitoba farmers not too likely to change planting plans

Canada’s trade deficit widened in January, missing consensus estimates

Global Markets: Iran war continues

ICE canola in negative territory

Canadian Dollar and Business Outlook: Loonie slips back

A message from April Stewart, Country Guide's Associate Editor

AgCanadaTV

AgCanadaTV: In case you missed it; your national ag news recap for March 20, 2026

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