As the rest of July plays out, United States soybeans and corn will remain in a weather market, said Sean Lusk, vice-president of Walsh Commodity Hedging Services in Chicago.
CBOT Weekly: ‘It’s a weather game now’ says Lusk
If soybeans fall under $10, corn to slip below $4
Manitoba crops still in good shape
Rain ranges from nothing to 41 mm
Manitoba cereals, oilseeds and pulses continue to develop nicely, the province’s latest crop report said.
Pulse Weekly: AAFC revises data for largest pulse crops
Prairie cash prices stand pat
As pulse crops across the country continue to develop, Agriculture and Agri-Food Canada updated its estimates for dry peas and lentils. AAFC issued its July supply and demand report on July 21.
AAFC updates canola in July balance sheet
Bases revision on latest StatCan numbers
Agriculture and Agri-Food Canada revised its canola estimates in its July supply and demand report released on July 21.
ICE Canada Weekly: Decent outlook of old, new crop weigh on canola futures
New crop looking good, but needs rain
The outlook for canola futures on the Intercontinental Exchange appears to be on a downward slide, said Bill Craddock, a Manitoba-based trader and farmer.
Dryness poised to threaten Saskatchewan crops
Growing conditions vary across province
Crops in Saskatchewan are developing in opposite directions, the province’s latest crop report said. Growing conditions in the province vary, with some areas receiving enough rain while other locations are experiencing crop stress due to hot, dry conditions.
ICE Canada Weekly: Canola’s slide likely to continue
If dryness not alleviated, canola would turnaround
With the speculative fund selling and relatively decent crop conditions on the Canadian Prairies, a broker said canola futures have little option but to continue falling back.
Alberta crop ratings nudge up
But ground drier
Alberta saw its overall crop rating improve, but its surface soil became drier, the province’s latest crop report 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.
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.
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