U.S. corn and soybean futures firmed on Thursday on short covering and positioning ahead of the long U.S. Independence Day holiday weekend and a speech by President Donald Trump in farm-state Iowa later on Thursday.
Markets

U.S. livestock: CME lean hogs drop as pork prices decline, cattle higher
Chicago Mercantile Exchange lean hog futures fell on Thursday on lower cash market prices, while cattle futures posted modest gains despite lower beef values as tight supplies continue to underpin the market, analysts said.

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.

Saskatchewan fertilizer manufacturer set to triple capacity
Northern Nutrients’ expansion will triple production of two sulphur fertilizer products to 150,000 tonnes from 50,000 tonnes
Northern Nutrients, a manufacturer of nitrogen sulphur fertilizers, is expanding its facilities near Saskatoon to triple its manufacturing capacity.

ICE Weekly: Trade talks, weather lifting canola prices
Multiple factors driving canola’s rally
Trade discussions between Canada and the United States as well as dry weather have driven canola’s rally on the Intercontinental Exchange during the week ended July 2, 2025.

U.S. livestock: Cattle rebound, hogs gain
Chicago cattle futures rebounded on Wednesday after dropping on Tuesday over news the U.S. Department of Agriculture would gradually reopen borders to Mexican cattle imports.

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.

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.