Chicago Close: Corn, Soys Fall in Post-USDA Trade

Corn and soybean futures fell on Thursday amid larger South American production estimates, while wheat was mainly higher on a further cut to U.S. production.

Saskatchewan Seeding Almost Finished

Saskatchewan seeding continued to advance over the past week, with several regions now nearing completion despite progress still running slightly behind normal.

U.S. Winter Wheat Production Cut Further

An already small 2026 U.S. winter wheat crop has been cut further, tightening projected 2026-27 U.S. wheat ending stocks in USDA’s June supply-demand update.

U.S. Soybean Ending Stocks Steady

U.S. soybean ending stocks – both old and new crop - were left unchanged in USDA’s June supply-demand update on Thursday.

Only Modest Adjustments for Old-, New-Crop U.S. Corn

The USDA left its 2026-27 U.S. corn outlook virtually unchanged this month, with the only supply-side change a 3 million-bu increase tied to a higher import forecast carried in from the old-crop balance sheet.

Map: Ontario Dryness, Drought Ticks Lower

Despite generally less precipitation than normal, abnormal dryness and drought actually ticked lower in Ontario and Quebec in May.

Map: Prairie Dryness, Drought Little Changed in May

Abnormal dryness and drought across Western Canada were little changed in May compared to a month earlier.

Bank of Canada Holds Key Rate Steady for Fifth Time

Chicago Close: Soybeans Higher Ahead of USDA; Wheat, Corn Mixed

Soybean futures closed higher on Wednesday while corn and wheat were mixed, ahead of updated monthly supply-demand estimates to be released by the USDA tomorrow.

Manitoba Seeding Nears Completion Amid Stormy Conditions

Chicago Corn; Corn, Soybeans See Little Change; Wheat Mixed

Corn and soybean futures were little changed on Tuesday, while wheat was mixed.

Ontario Farmers Urge Ottawa to Pause Alto Rail Project Over Farmland Concerns

Ontario farmers are urging the federal government to pause the proposed Alto high-speed rail project, warning the rail corridor could permanently damage some of Canada’s most productive farmland.

Spring Wheat Condition Improves; Winter Wheat Harvest 11% Done

The 2026 U.S. spring wheat crop improved over the past week but remained slightly below a year ago, while the winter wheat harvest moved ahead quickly and crop ratings remained historically poor.