A lack of any major weather concerns kept soybean and corn futures at the Chicago Board of Trade trending lower during the last week of July, with many months hitting contract lows.
Pulses
CBOT weekly: Good weather weighs on soybeans/corn, with more room to downside
Manitoba Crop Report: Early crops ready for harvest
Fields across Manitoba saw variable amounts of precipitation as crops continued to develop under hotter temperatures during the week ended July 28, according to the province’s weekly crop report.
Pulse Weekly: Pea prices decline as harvest gets closer
Delivered prices for green peas across the Prairies ranged from C$12.50 to C$14.21 per bushel as of July 26, according to Prairie Ag Hotwire. The latter price was down C$4.27 from last month but only four cents lower than last year. For yellow peas, delivered prices ranged from C$9.75 to C$11.40/bu., down C$1.60 from last month and down C$1.40 from last year.
U.S. grains: Soy tumbles to 2020 lows as rains seen aiding US crops
Chicago soybean prices plunged on Monday to the lowest since October 2020, as forecasts for rain in the U.S. crop belt alleviated concerns over the potential impact on crop yields from hot and dry weather.
Global shipping costs could ease as congestion improves: FCC economist
Global shipping bottlenecks appear to be easing and could make way for lower shipping costs, though fuel prices remain a wildcard according to analysis from Farm Credit Canada (FCC).
Late crop yield in most Ukrainian regions may drop by up to 15 per cent, farm ministry says
Ukraine's late crop yield might fall by up to 15 per cent in most regions due to extreme heat, the acting farm minister said on Monday, while the average early crop is expected to shrink by only by five per cent.
U.S. grains: Soy tumbles as U.S. rain forecast offers relief
Chicago Board of Trade soybean and corn futures plunged on Friday but were set for weekly gains, as weather forecasts indicated positive news for crops in the central United States.
Jasper fires force trains to go slow
CN has resumed service but at a reduced speed through the area
The Canadian National Railway line through Jasper, Alta,. is open, but trains are moving slowly due to the wildfire that destroyed a significant part of the community this week. The implications for grain movement are unknown, but unloads are already down at the port of Vancouver.
Alberta Crop Report: High temperatures damage crops
Major crops were rated at 55.3 per cent good to excellent, down from 72.9 per cent the previous week. The south region’s crops were rated 77.2 per cent good to excellent, while the northeast region was at 62.5 per cent and the Peace region was at 57.3 per cent. Conditions in the northwest region fell to 37.7 per cent and the central region dropped to 32.4 per cent, for declines of 40.1 and 29.8 points, respectively.
U.S. grains: Chicago grains firm as forecasts call for hot, dry weather
Chicago wheat and corn gained strength on Wednesday as the market monitored a hot, dry spell forecast in parts of North America, but gains were capped by sizeable global supplies.