The first acres of grain corn and sunflowers have come off in Manitoba, although rain over the weekend did slow the province's harvest, according to the latest weekly provincial crop report.
A deal struck last week that will allow Canadian canola shipments to flow unimpeded to China reflects a willingness to manage risk and facilitate trade, according to the Canola Council of Canada (CCC).
U.S. winter wheat planting and emergence is proceeding exactly on schedule.
Like the corn harvest, the U.S. soybean harvest is also still struggling to gather pace.
Heavy rain across parts of the Midwest last week and into the weekend, dented U.S. corn harvest progress this past week.
Weakness in vegetable oil and U.S. soybeans pointed the way lower as soybean futures ended weaker on Monday.
Forecasts calling for drier weather in the American Midwest helped to pressure corn and soybean futures on Monday. Wheat was also lower.
It may be bad for the corn and soybean harvests, but wet weather through much of the central U.S. is at least getting winter wheat planting off to a good start.
G3 Canada Ltd. late last week released updated Pool Return Outlooks (PROs) for the 2016-17 Early Delivery and Annual pools, including Futures Choice Pools.
Canadian canola processors are running at close to full capacity, with the latest weekly crush almost setting a new record high.