Canola futures finished mixed in choppy trading on Tuesday.
Wheat futures moved higher on Tuesday, ahead of upcoming crop tours.
Given the weather in April, it’s no surprise that spring planting progress is lagging well behind normal in much of the U.S.
Corn futures could be setting up for a rally, with a number of factors lining up to potentially push prices higher.
A strike at CP Rail still appears likely, potentially further jeopardizing not only old-crop grain movement but new-crop fertilizer shipments as well.
Gradually higher interest rates are likely to cool but not completely douse the Canadian farmland market in 2018, according to the chief economist of Farm Credit Canada (FCC).
Some improvement in the Soft Red production states failed to move the needle on the overall condition of the 2018 U.S. winter wheat crop.
U.S. spring wheat planting stalled – completely – this past week.
U.S. soybean planting is off to an average start, although the bulk of the crop to date has been seeded in the more southern production regions.
The weather may be improving, but U.S. corn planting progress remains stubbornly slow.