Bargain buying and short covering lifted U.S. corn futures on Monday after the market slid to contract lows on expectations for strong U.S. output, traders said.
U.S. grains: Corn rebounds from contract lows on short covering, bargain buying
Alberta crop conditions improve: report
65 per cent good to excellent provincially
Varied precipitation and warm temperatures were generally beneficial for crop development across Alberta during the week ended July 8, according to the latest provincial crop report released July 11.
USDA adjusts supply/demand estimates
Corn/soybean yields unchanged
Corn and soybean yields in the United States were left unchanged in the latest supply/demand estimates from the U.S. Department of Agriculture, released July 11, although a reduction in harvested area led to small downward revisions to production for the crops.
Prairie Wheat Weekly: U.S. futures pressure Canadian prices
Weather varied across Prairies
Pressure on U.S. futures and variable weather conditions on the Prairies brought Western Canadian wheat bids down during the week ended July 10, 2025.
CBOT weekly: USDA/weather in focus for corn and soybeans
Midwestern conditions favourable
Warm Midwestern temperatures and timely precipitation weighed on corn and soybean futures at the Chicago Board of Trade coming out of the Independence Day long weekend. Weather should remain a major market driver through the growing season, although some short-term direction could come from the monthly United States Department of Agriculture supply/demand estimates due out on July 11.
Manitoba Crop Report: Rains not enough to curb dryness
Some areas receive deluge; others still dry
Many areas of Manitoba received varied amounts of rainfall during the week ended July 6, 2025. However, it was not enough to replenish moisture in some areas.
Prairie wheat bids strengthen
Durum down
Hard red spring wheat bids in Western Canada strengthened during the week ended July 3, as gains in the United States futures and dryness concerns in parts of the Prairies provided support.
USDA attaché forecasts larger Chinese corn, wheat crops
But imports drop over last two years
Corn and wheat production in China is expected to increase in 2025/26, the United States Department of Agriculture attaché in Beijing said in a report released July 3.
CBOT Weekly: Turning towards a weather market
Area, stocks reports have little influence
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.
USDA lowers soybean/corn acreage estimates, wheat up from March
Quarterly stocks data also out
Farmers in the United States planted slightly less soybeans and corn than earlier intentions in 2025, according to updated acreage data from the U.S. Department of Agriculture released June 30.
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