Soybean, corn and wheat futures in the United States are all trading near contract lows, with a lack of any significant weather threats likely to keep the bias pointed lower until something changes the narrative.
1.
Wheat
Bearish Chicago grains/oilseeds in need of a new story
Egypt bets big with historic 3.8 million metric ton wheat tender
Egypt has launched a massive tender to import 3.8 million metric tons of wheat, its largest ever tender according to traders, as the country seeks to take advantage of a slump in global wheat prices to 4-year lows.
Manitoba Crop Report: Crops develop under warm conditions
Warmer weather and varied precipitation across Manitoba allowed crops to further develop during the week ended Aug. 5, according to the province’s weekly crop report.
U.S. grains: Chicago soybeans, corn fall; wheat up on big tender from Egypt
Chicago soybeans and corn slumped on low demand and a stronger dollar on Tuesday as financial markets recovered from an epic sell-off on Monday. Wheat futures rose after a massive tender from Egypt for 3.8 million metric tons to cover imports between October 2024 and April 2025—its largest ever according to traders.
Rain and heat make for promising crop conditions
Areas where crops were planted on time should see good yields
Over the past month, above-average precipitation and normal temperatures have resulted in optimal growing conditions for Ontario and a large portion of the U.S. Midwest. The two-week forecast for the […] Read more
OEL expands with purchase of P&H Ltd.’s Centralia site
Ondrejicka Elevators Ltd. (OEL) has purchased P&H Limited’s Centralia assets. Mike Ondrejicka, owner of OEL, said the company took possession of the site Aug. 1 and will spend the next […] Read more
U.S. Grains: Soy, grain futures turn higher on economy concerns
Chicago Board of Trade grain and soybean futures turned higher on Friday as market participants and fund traders scrambled to cover their hefty short positions on signs of the U.S. economy weakening, market analysts said.
U.S. grains: Corn prices near four-year low, trapped below $4/bushel
U.S. corn and soybean futures fell to their lowest levels in nearly four years on Thursday as forecasts for cool, rainy weather in the Corn Belt boosted yield expectations, analysts said.
Feed Grain Weekly: Weather, low U.S. prices affecting Prairie markets
Glen Loyns, trader and general manager for JGL Commodities in Moose Jaw, Sask., said while the recent heat and dryness has reduced yield expectations, prospects of a decent harvest are still putting pressure on prices.
U.S. grains: Chicago corn falls below $4 on beneficial weather
Chicago December corn futures settled below $4 and hit a contract low on Wednesday as favorable U.S. crop prospects weighed and farmers began selling their hefty supplies of old crop corn, traders said.