Canola futures may have drifted lower over the past week, but the market is still holding up rather well compared to the U.S. soy complex.
Canola futures ended stronger on Wednesday, as concerns over tightening supplies provided support.
Soybeans were lower but wheat and corn futures both advanced in trading on Wednesday, ahead of the annual USDA outlook forum to take place on Friday.
Canola crush margins are continuing their downward slide, falling to their lowest levels in 10 months.
A hotter export pace has led Agriculture Canada to tighten its old-crop lentil ending stocks estimate.
Southwestern Ontario farmland values managed to tick higher in 2016, but the gains are becoming increasingly variable and much more modest compared to previous years, according to the latest agricultural land values report from Valco Consultants Inc.
Canola futures were down on Tuesday, as losses in Chicago Board of Trade soyoil and Malaysian palm oil weighed on values.
Soybean and wheat futures drifted lower on Tuesday, with only corn managing to post modest gains.
Farm Credit Canada has announced a new loan for young entrepreneurs in the agriculture retail, manufacturing and food processing sectors.
Agriculture Canada has trimmed its new-crop wheat acreage ideas, due to an even sharper expected decline in 2017 durum area.