The Western Producer 04 Jun, 2021 22:30 am

North American Grain/Oilseed Review: Canola boosted by weather concerns

soybean export sales included about 18,000 tonnes of old crop business and an additional 180,000 tonnes for new crop, which was in line with expectations.wheat export sales included net cancellations of 33,000 tonnes of old crop wheat, but solid new crop bookings of about 400,000 tonnes.Weather was the main driver in beans, as the tight old crop supply situation and strong demand projections have market participants following the new crop yield potential very closely.corn export sales of just under a million tonnes of old and new crop business combined came in at the higher end of trade guesses.

WINNIPEG, June 4 (MarketsFarm) – The ICE Futures canola market was stronger on Friday, as hot and dry weather forecasts across North America provided support.SOYBEAN futures at the Chicago Board of Trade were stronger on Friday, posting solid gains on the back of hot and dry Midwestern weather forecasts.

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