Grain prices were mixed this past week.
P.I. Financial commodity futures advisor, Adam Pukalo, says canola was down 34 dollars a ton for the week while spring wheat was up 44 cents a bushel.
Pukalo says canola was down following last week’s contract high for $1212.30 per ton in July.
He says canola is down, following a near 10 percent drop in palm oil prices from Malaysia.
For wheat, he says there is strong demand with global wheat trade forecast at 191 million metric tons, up over one million tons from last month.
He says there is some rain expected in the Dakotas, which could slow seeding progress.
He says a surging U.S. dollar value could be a negative factor in coming weeks for grain prices.
