November canola is up $19.10/mt making new contract highs, December soybean oil is up 1.02 cents/pound, November European rapeseed is up 5.25 euro/mt and September Malaysian palm oil is up .54%. December oats are up 9 cents/bushel while November European corn is up 9.25 euros/mt at new contract highs. September crude oil is up $1.60/barrel, September ULSD is up $.0038/gallon, and the September Canadian dollar is up .00115 at .71170. The September U.S. Dollar Index is down .081 at 100.920 and the August Brazilian real is up .00055 at 0.19725.

Grain and oilseed markets are sharply higher, extending overnight gains on fears over the impacts of an escalation in the dual wars combined with weather threatening production in both the U.S. and Europe. The result has been new contract highs being set in canola, soybeans, European corn, and wheat markets in Chicago and Kansas on Wednesday alone.

In case it was missed, we are using the rally to continue working through our disciplined canola marketing strategy with another sale recommendation on Wednesday morning. More specifically, "When we made the last recommendation, we suggested we wanted to split up the remaining old crop sales and reward further rallies. With the market adding $46/mt since the July 8 sale, it is time to do just that given the approaching harvest. As such, we want to reward the recent gains with a 20% sale of 2025-26 canola production while the November contract is trading around $815/mt. With the current recommendation, we have 20% of 2025-26 production remaining that we hope to reward a further rally with." The price has since firmed up over $822/mt, improving the situation for those looking to execute.

Outside markets are not showing the same level of urgency as energy gains have been scaled back and stocks have fully recovered, now higher on the day. Treasury markets and the U.S. dollar remain quietly lower.

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