Futures started to move up last week, despite an unexciting World Agriculture Supply and Demand Estimates report from the U.S. Department of Agriculture.

G3 Canada director of market research Neil Townsend thinks this momentum comes from the market's look ahead to the coming growing season. He thinks there are some weather issues brewing that could put some risk back in the market.

"People have to understand the risk in the market," Townsend says, "even if the market goes up, production could be successful in Western Canada, could be successful in the U.S., could be successful in the European Union, so you know, there's always a chance that we put more on top of more and market goes down. But I think there are some issues brewing out there right now."

Some market analysts have said some type of weather failure in a growing region this year may be necessary to balance out supply and demand, as saturation of grains markets persists.

Townsend says one possible weather issue this year could be the lack of snowfall on the Prairies, noting soils will be relatively dry if seeding comes early.