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.




The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)

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.


A ground spray rig applies nematodes to a corn field.

Using nematodes to control crop pests

Alberta research and U.S. commercialization suggest soil-dwelling nematodes could become a practical option for Prairie pest control

Alberta research and U.S. commercialization suggest soil-dwelling nematodes could become a practical option for Prairie pest control.





File photo of a cornfield in Mexico. (Roberto Cabrera/iStock/Getty Images)

USDA notes shifts in Mexican corn

Production up, imports dip

Corn production in Mexico is projected to increase 6.5 per cent in 2025/26, the United States Department of Agriculture attaché in Mexico City reported. Meanwhile, the country’s imports are expected to dip 1.4 per cent.