Wheat & corn stay bullish (70/71) on Black Sea residual + yield support; canola holds edge at 60 after Friday strength,

Soybeans 63,

Durum quiet 50.

Continuity after weekend.

Main drivers:

Residual Black Sea risk + U.S. yield/export colour kept wheat/corn firm despite Monday profit-taking;

Canola mixed on early harvest pressure;

Thin Monday Prairie volume → moderate confidence, continuity prioritized.

Quieter week on the calendar, but the charts kept moving — here's the rundown.

Market Chat carried the week. Daily Social Sentiment ratings tracked canola, wheat, corn, soybeans, and durum right through Friday, with wheat leading on a Black Sea rally to multi-year highs. Chart of the Day covered canola holding the 50-day moving average after a scare below it, plus a look at the DXY.

Over in Market Chat - Premium, Trent broke down why canola's finding buyers at the 50-DMA but still needs confirmation before turning bearish, and answered a real question on what to sell first when cash flow is tight and durum has no futures market to hedge with.

One new face joined this week — welcome aboard. Jump into Market Chat and say hi, or drop your own bids and questions in the channels below.

Miss a newsletter issue? They're all synced into the Newsletters channel — Canola Sales & Cash Flow Strategy was this week's.

Wheat leads as Black Sea rally hits multi-year highs (72).

Corn firm at 70 on yields; canola & soy edge bullish at 62.

Durum quiet/neutral 50.

Continuity holds.

Main drivers:

Black Sea escalation + price confirmation for wheat/corn;

canola high-price resilience + planting narrative;

moderate confidence on quiet durum volume.

Grain Report Chart of the Day

Canola

NOV 26 Futures

Daily

The sell-off over the past couple of days got a few guys exited.

And I must admit, anytime we close below the 50-day moving average, I begin to perspire.

Alas, we got some buyers today and are back above the 50, and we live to fight another day.

No sweat for you.

Trade uncertainty & softer canola pressure scores lower.

Wheat 64 & Corn 65 stay Bullish

Canola 56, Soy 58, Durum 47 are Neutral.

Continuity holds amid tariff noise.

Main drivers:

Canada-US trade talks breakdown + canola futures down ~$11 on soyoil/crude weakness, tempering prior bullish edge;

Slow Prairie harvest and wheat chart strength provide continuity support.

Moderate confidence.

Big week — here's the rundown if you were heads-down in the field or the truck.

Market Chat was buzzing. Daily Social Sentiment ratings tracked canola, wheat, corn, soybeans, and durum all week, plus Chart of the Day breakdowns on CBOT SRW wheat closing above 700, KC HRW clearing a two-year base, and a Corn + Soybeans + Wheat index setup worth a second look. There was also a farmland values note tying Saskatchewan to the Iowa cycle.

Two questions came in, two got answered. Over in Ask Trent, Rick asked about shorting canola and where the basis might go on June-priced bushels — answer's in the thread. Over in Fertilizer Bids, Tim's Nokomis-area post came with a question about where fert prices are headed — also answered, with a level Trent's watching on Urea futures.

Local pricing kept coming in. Fresh fertilizer numbers landed from both the Nokomis and Vegreville areas — worth a look if you're pricing inputs.

And 100+ of you joined this week. Welcome — jump into Market Chat and say hi, or drop your own bids and questions in the channels below.

Miss a newsletter issue? They're all synced into the Newsletters channel — canola clearing $800 and KC wheat's breakout were the big ones this week.

Grain Report Social Sentiment Rating

Quiet Friday continuity holds:

Canola 68 & Corn 68 lead,

Wheat 67 firm,

Soybeans 62 edge bullish;

Durum neutral at 48.

Slow SK harvest + disease/quality risks + firm basis still supportive.

Main drivers:

Slow Saskatchewan harvest start (durum/spring wheat ~1%, canola none),

ongoing disease/quality concerns,

appreciating basis,

and corn export strength;

no major narrative shift

Grain Report Chart of the Day

CBOT SRW Wheat

DEC Daily

Daily close at 700

A nice round number.

The second consecutive close above the 61.8 percent retracement.

It could be big.

Or it could be a pivot point.

As my friend Spud would say,

"It's a 90/20 probability; we find resistance at this level."

The weekly close matters more.

That is in two days.

Have fun.

Canola holds bullish edge (67) after rebound;

Wheat (69) & Corn (66) firm on charts/tour support.

Durum stays neutral (46) on quality risks.

Soybeans edge into bullish (60).

Main drivers:

Prairie disease/quality concerns still supportive underneath;

Canola recovered from yesterday’s sharp soyoil-led drop;

Pro Farmer tour results lent lift to corn/soy.

Grain Report Chart of the Day

KC Hard Red Winter Wheat

Weekly Nearby

Third time's the charm.

Nice two-year base.

As the old traders say,

"The longer the base, the higher into space."

Canola stays bullish at 68 but faded after 830–835 rejection.

Wheat 70,

Corn 64;

Durum 45; and,

Soybeans 57 mixed.

Harvest talk is building.

USD

The DXY

Not over yet.

But worth noting.

The Daily Kernel has an interesting article on farmland values.

The Daily KernelMidwest Farmland Values Go Flat as Inflation Eats the GainsFlat on paper, down 3.7% once you adjust for inflation. What the latest Chicago Fed AgLetter means for Prairie land values, plus a dairy family's goodbye to 100 cows.

This article complements our June Iowa Farmland Study

Klarenbach Grain ReportFarmland: Technical analysis flags Iowa market topAnalysis of the 2025 Iowa Farmland Value Study and technical indicators signaling a potential near-term price correction for agricultural land.

Iowa has peaked two years ahead of Saskatchewan in the past.

This is year three.