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Even before tariffs were imposed by United States President Donald Trump on March 4, the levies were having an impact on Western Canadian feed grain prices, said Jay Janzen of CorNine Commodities in Lacombe, Alta.

Grain prices at the Chicago Board of Trade were on the weaker side for the week ended July 16 due to last week's USDA report and ongoing trade tensions.

U.S. wheat futures rose more than one per cent on Wednesday as signs of a hardening conflict between Ukraine and Russia and worries about dryness in China appeared to spark a round of short-covering, analysts said.

Grain futures fell on the Chicago Board of Trade last week with more uncertainty waiting in the wings.

Spring wheat prices rose, while other prices were firmer or higher during the week ended June 4, 2025.

Numerous factors caused United States wheat prices to sharply rise during the week ended June 18, 2025.

Western Canadian cash prices for spring wheat were mixed during the week ended May 1, while those for amber durum fell back.

The National Farmers Union denounced the approval of the Bunge-Viterra merger in a statement released on Jan. 17. The NFU said the multi-billion dollar deal “effectively ends competition in Canada’s agricultural commodity sector,” as it creates the world’s largest agricultural commodity trader, and it will control 40 per cent of the Canadian grain market.

Chicago soybean futures notched a three-month high on Monday as a truce in the U.S.-China trade war and a bullish U.S. Department of Agriculture report helped prices recover to pre-trade war levels, traders and analysts said.

Soybean futures on the Chicago Board of Trade may trade sideways in the coming weeks, while corn and wheat make gains, according to a Chicago trader.