(Medioimages/Photodisc/Getty Images)

CBOT Weekly: Grain prices showing weakness

USDA report, trade tensions pressure markets

Grain prices at the Chicago Board of Trade were on the weaker side for the week ended July 16 due to last week's USDA report and ongoing trade tensions.







Wheat crops damaged by drought are seen during an annual winter wheat tour, near Colby, Kansas, U.S., May 13, 2025. Photo: Reuters/Emily Schmall

‘Amber waves of grain’ recede in America’s heartland as wheat farmers struggle

Midwestern farmers abandoning wheat crops as profits recede, weather challenges

The Great Plains have long been celebrated for the “amber waves of grain” in the popular hymn “America the Beautiful.” The region’s states produce most of the U.S.-grown crop of hard red winter wheat, favored by bakers for bread. But with prices hovering around $5 (C$6.86) per bushel, U.S. wheat farmers have reached an inflection point, with many forced to either lose money, feed wheat to cattle or kill off the crop.