Ripe wheat in a field west of Marcelin, Sask. on August 27, 2022 Michael Robin photo

Wheat exporters expected to set record pace

Year-to-date exports for the week ending June 29 are more than 1.017 million tonnes above the pace set last year

Wheat exports are expected to continue at a strong pace through the remainder of the crop year. Photo: file

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.



‘With the grain and flour not moving fast, it’s bringing the price down.’ Photo: Singh_Lens/iStock/Getty Images

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.



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.