Grain prices were mixed during the holiday shortened week

Grain prices were mixed this holiday-shortened week.

P.I. Financial commodity futures advisor Adam Pukalo says canola gained 70 dollars a ton while spring wheat was down 30 cents a bushel this week.

He says long term trends look positive, although there may be some volatility in the short term.

Pukalo says Minneapolis spring wheat futures broke below the 10 dollar a bushel on the March contract, reaching 9 dollars 86 cents a bushel mid-morning Friday.

He says canola prices are on the rise because of strong hikes in soybean prices due to dry weather in South America.

There has been some pull-back due to recent rainfall.

Pukalo says there may be more investors in the grain markets in coming months but weather remains a key factor this winter.
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