Soybeans and corn on the Chicago Board of Trade are heading toward a weather market, said Sean Lusk, vice-president of Walsh Commercial Hedging in Chicago. The move comes after two reports from the United States Department of Agriculture issued on June 30.
CBOT Weekly: Turning towards a weather market
Area, stocks reports have little influence
Manitoba crops advancing nicely despite below normal moisture
About 50 to 70 per cent of normal precipitation
Crops in Manitoba continue to develop at a good pace despite a lack of rainfall in some parts of the province, reported Manitoba Agriculture on July 2.
Prairie wheat prices weaker on sharp drop in U.S. futures
Stronger loonie adds more pressure
Cash prices for spring wheat across the Canadian Prairies fell hard during the week ended June 26, while those for amber durum nudged up slightly.
CBOT Weekly: Prices tumble, uncertainty ahead
Weather, supply pressures weigh on grains
Grain futures fell on the Chicago Board of Trade last week with more uncertainty waiting in the wings.
Canola, Cereals, Corn, Crops, Forages, Hay, Pasture, Peas, Pulses, Soybeans, spring-wheat, winter-wheat
Manitoba crops in good shape: Report
Rainfall amounts vary widely
Crops in Manitoba continued to come along nicely, the provincial agriculture department reported for the week ended June 24.
Feed Grain Weekly: ‘Consistent demand’ despite potential for more dryness
Heat damage reported in some areas
Feed corn and feed barley prices in Western Canada have been competitive as the potential for more dryness remains.
CBOT Weekly: External factors raising wheat prices
Weather, geopolitical risk provide support
Numerous factors caused United States wheat prices to sharply rise during the week ended June 18, 2025.
Prairie wheat bids dip with U.S. futures, rising loonie
Durum narrowly mixed
Hard red spring wheat bids in Western Canada softened during the week ended June 12, as losses in the United States futures and strength in the Canadian dollar weighed on values.
USDA makes small cuts to corn, wheat ending stocks
Few changes the central theme in June report
The June supply/demand report from the United States Department of Agriculture contained very few changes from May. The USDA issued its World Agricultural Supply and Demand Estimates on June 12, showing some declines for U.S. corn and wheat ending stocks, while those for soybeans were unchanged.
CBOT Weekly: ‘Not looking for any fireworks’ in June WASDE
Report unlikely to have notable changes
Do not expect any major changes in the June supply and demand report from the United States Department of Agriculture, said Terry Reilly, senior agricultural specialist for Marex.
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