Wheat and Canola Markets

Front-end-loaded exports, competitively-priced global supplies, and lower forward cash markets suggest weakness in canola and spring wheat prices in the weeks and months ahead.

In Canadian cash markets, the pace of farmer selling has been, and will continue to be, a key driver of price direction for wheat and canola in 2022/23. The pace of exports is the other side of that coin. The balance of these two influences from week to week will determine whether prices continue to drift lower, stabilize, or move higher.

Without some fr…