Wheat and canola show price gains this week

Grain prices continued upward movement this week.

Commodity futures advisor with P.I. Financial, Adam Pukalo, says November canola futures rose 42 dollars a ton this week while spring wheat futures for December gained 18 cents a bushel.

He says canola futures made a recovery in price this week.

On Minneapolis wheat futures, he sees it as sideways to higher.

A key market report will be released on August 30th with Statistics Canada.

Pukalo says factors this week include rain in the U.S. soybean growing region and recent Chinese purchases of U.S. soybeans.

He says traders are positive on the grain market with crop problems in Canada and Russia.


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