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Total world coarse grain production in 2025/26 is forecast to be up by 25 million tonnes from earlier estimates, largely due to increased corn production in the United States, according to the latest Feed Outlook from the U.S. Department of Agriculture, released Aug. 14.

ICE Futures canola contracts were trading within a sideways range heading into the end of the 2024/25 (Aug/Jul) marketing year, with expectations for a tight old crop carryout providing support amid uncertainty over new crop production.

ICE futures canola contracts fell to their lowest levels in two months during the first week of August, with speculative long liquidation behind some of the selling pressure.

Dry edible bean production in the United States is forecast to be down in 2025 despite improved yields due to a reduction in harvested area, according to updated estimates from the U.S. Department of Agriculture.

China has effectively shut the door on purchases of Canadian canola by announcing a preliminary anti-dumping duty of 75.8 per cent on imports of the oilseed to start on Thursday, Aug. 14.

Hard red spring wheat bids in Western Canada were weaker during the week ended Aug. 7, as a move to five-year lows in the United States futures weighed on prices.

Harvest operations are underway in Manitoba, according to the latest provincial crop report as of Aug. 12 noting that winter cereals and early spring grains and field peas were starting to come off the fields.

Expectations for a record large corn harvest in the United States this year are overhanging the futures market, which should keep values under pressure through the harvest season.