CBOT weekly: USDA/weather in focus for corn and soybeans

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.






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Prairie forecast: Potential to turn cool and wet

Forecast issued July 9, covering July 9 to 16, 2025

For this forecast period we are starting off with a large area of high pressure over Ontario and an equally large area of low pressure over the Yukon. The clockwise flow around the Ontario high, combined with the counterclockwise flow around the Yukon low, is creating a widespread southerly flow across the Prairies. This should lead to one more day of warm temperatures across the western Prairies and a couple more days over the eastern half.

Photo: jjmiller11/iStock/Getty Images Plus

U.S. livestock: Record highs in cattle futures

Cattle futures on the Chicago Mercantile Exchange continued to set new records on Tuesday, as improving packer margins, strong demand and chart-based buying provided support. August feeder cattle futures were up by 5.400 cents per pound at 319.125 cents per pound. The August live cattle contract gained 4.075 cents per pound at 219.975 cents at […] Read more