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.
Daily news
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.
U.S. grocer Kroger wins dismissal of ‘farm fresh’ egg lawsuit
Kroger, one of the largest U.S. grocers, won the dismissal of a lawsuit claiming it misled consumers by using the familiar "farm fresh" label to describe eggs that came from caged hens in industrial settings.
Trump’s trade threats a global concern
Importers and exporters around the world are uneasily analyzing what a 10 per cent tariff, or other border measures likely in a second Donald Trump U.S. presidential term, could mean for trade.
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.
Prairie forecast: Temperatures to warm up
Forecast issued Aug. 7, covering Aug. 7 to 14, 2024
For this forecast period, it's looking like the forecasted strong area of high pressure is going to dominate the weather across the Prairies. This should bring plenty of sunshine and warming temperatures. Overnight lows look to be seasonable, so at this point it doesn't look like we'll see heat warnings—but as usual you just never know.
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.
Klassen: Feeder rally stalls
For the week ending August 3, Western Canadian feeder cattle prices were relatively unchanged from seven days earlier. Strong buying interest continued on yearlings straight off grass; however, the “just get’em” type orders that were evident a week earlier now had limits. More cattle will come available in August and buyers are being more patient to see how the market develops.
U.S. livestock: Live cattle stabilize after sell-off
Chicago Mercantile Exchange live cattle and lean hog futures stabilized on Tuesday after sliding during the previous session on fears that the U.S. may be headed for a recession.
Federal government adds more rules to discourage use of temporary foreign workers
The federal government is making changes to Canada's temporary foreign worker (TFW) programs to reduce the use of temporary foreign workers in Canada, it announced today.
Cyber-Savvy Farmer
