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Feed prices on the Canadian Prairies have slipped over the last week and are poised to remain flat to the end of the year, said Darcy Haley, vice-president of Ag Value Brokers in Lethbridge.

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.

Cash prices for spring wheat across the Canadian Prairies fell hard during the week ended June 26, while those for amber durum nudged up slightly.

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.

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.

Manitoba cereals, oilseeds and pulses continue to develop nicely, the province’s latest crop report said.

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.

In something of a surprise, Statistics Canada lowered its projection for planted canola acres in 2025/26, with other oilseeds reaping some of the benefits. As well, StatCan adjusted its numbers for Canadian wheat.

Agriculture and Agri-Food Canada revised its canola estimates in its July supply and demand report released on July 21.

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.