Markets
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.
Markets
CBOT weekly: USDA/weather in focus for corn and soybeans
Midwestern conditions favourable
ICE Canada Weekly: Canola’s slide likely to continue
If dryness not alleviated, canola would turnaround
With the speculative fund selling and relatively decent crop conditions on the Canadian Prairies, a broker said canola futures have little option but to continue falling back.
U.S. grains: Corn futures slip further as US crop conditions improve
Chicago Board of Trade corn futures extended losses on Tuesday to approach a 2025 low as improved U.S. crop ratings and forecasts for more benign weather fueled expectations for a bumper harvest.
Pulse Weekly: Conditions vary across Saskatchewan
Weather, lack of moisture affecting crops
Pulse conditions in Saskatchewan are varied across the province with the worst-faring crops located in the western half.
Klassen: Feeder market may have overextended to the upside
For the week ending July 4, there were no feeder cattle sales in Western Canada due to holidays on July 1 and July 4. Major auction markets in the U.S. were also closed or had limited numbers on offer. Prices quoted from south of the border were steady to $4 higher on average but the market was hard to define.
U.S. grains: Corn and soy futures fall on beneficial US crop weather
Chicago Board of Trade grain and soybean futures slid on Monday on forecasts for favorable U.S. crop weather, traders said.
Bunge charters first Argentine soy meal cargo to China, shipping data show
Grains merchant Bunge has chartered 30,000 metric tons of Argentine soybean meal cargo destined for China, data seen by Reuters on Monday showed, which would mark the first such soymeal cargo since Beijing approved Argentine imports in 2019.
Alberta crop ratings nudge up
But ground drier
Alberta saw its overall crop rating improve, but its surface soil became drier, the province’s latest crop report said.
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.
World food prices tick higher in June, led by meat and vegetable oils
Global food commodity prices edged higher in June, supported by higher meat, vegetable oil and dairy prices, the United Nations' Food and Agriculture Organization said on Friday.
