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.
Markets

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.

U.S. grains: Corn and soy climb on bargain buying, positioning ahead of holiday weekend
U.S. grain and soybean futures rose on Wednesday in a bargain-buying and technical advance after recent declines and ahead of the Independence Day holiday weekend, with U.S. markets closed on Friday.

Company builds flax plant in Saskatchewan
Grain Millers’ $30 million processing plant is located near Saskatoon in an area where the crop still has a strong foothold
Grain Millers has built a flax plant in Delisle, Saskatchewan, which is now operational and producing bulk or mini-bulk shipments of flaxseed.

Farmland price drop predicted
Analysis says market correction could see values fall by 50 per cent
A technical analysis of Saskatchewan farmland values reveals they could be on the verge of tumbling by more than 50 per cent.

Canada, U.S. seeded area reports contain few surprises
Canada released its seeded area estimates on June 27 with most of the major crops near pre-report forecasts.

Kochia migrates north
A website where observers can post sightings shows the weed is moving into the northern Prairies
An unofficial project tracking the distribution of kochia on the Prairies has found that it’s present and possibly established in more northerly regions.

U.S. grains: Soy futures end mixed; corn and wheat sag after USDA reports
Chicago Board of Trade soybean futures ended mixed on Monday, with nearby contracts under pressure after quarterly stocks data from the U.S. Department of Agriculture showed larger-than-expected supplies as of June 1, analysts said.

Pulse weekly: U.S. pulse area up in 2025
Stocks also higher
Farmers in the United States expect to grow more pulses in 2025, with areas planted to peas, lentils, chickpeas and edible beans all up on the year in the latest acreage data from the U.S. Department of Agriculture, released June 30.

U.S. livestock: Cattle futures climb, hogs fall
Chicago cattle futures rose to start the week while hogs fell back.