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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.

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

Chicago Board of Trade soybean futures hit their highest level in more than a week on Thursday as technical buying helped the market recover from a three-month low reached on Monday, analysts said.

China’s soybean imports hit the highest level ever for the month of June, a Reuters calculation of customs data showed on Monday, driven by a surge in shipments from top supplier Brazil.

Global food commodity prices edged higher in June, supported by higher meat, vegetable oil and dairy prices, the United Nations' Food and Agriculture Organization said on Friday.

U.S. Agriculture Secretary Brooke Rollins said on Tuesday that there will be “no amnesty” for agricultural workers as President Donald Trump’s administration moves to deport all immigrants in the country illegally.

The International Grains Council on Thursday raised its forecast for global wheat production in the 2025/26 season, largely reflecting improved crop outlooks in India and Romania.

The U.S. Department of Agriculture lowered its U.S. corn supply forecast in a monthly supply-and-demand report on Friday and raised its outlook for U.S. exports of the grain this season to a record high following a strong pace of overseas shipments.

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

Canada's minister of foreign affairs spoke with her Chinese counterpart while in Malaysia last week, the federal government said.