Dryness on the Canadian Prairies, as well as worsening U.S. winter wheat crop conditions and a weakening Canadian dollar raised Western Canadian wheat bids for the week ended June 19, 2025.
Wheat
Prairie Wheat Weekly: Western Canadian bids rise on dryness
U.S. crop conditions, weaker loonie also raise prices
‘Amber waves of grain’ recede in America’s heartland as wheat farmers struggle
Midwestern farmers abandoning wheat crops as profits recede, weather challenges
The Great Plains have long been celebrated for the “amber waves of grain” in the popular hymn “America the Beautiful.” The region’s states produce most of the U.S.-grown crop of hard red winter wheat, favored by bakers for bread. But with prices hovering around $5 (C$6.86) per bushel, U.S. wheat farmers have reached an inflection point, with many forced to either lose money, feed wheat to cattle or kill off the crop.
Feed Grain Weekly: ‘Consistent demand’ despite potential for more dryness
Heat damage reported in some areas
Feed corn and feed barley prices in Western Canada have been competitive as the potential for more dryness remains.
U.S. grains: Wheat surges four per cent on short-covering, lifting corn and soy
Benchmark Chicago Board of Trade wheat futures jumped more than four per cent on Wednesday as weather worries in parts of the United States and Europe, coupled with signs of fresh global export business, prompted speculators to cover short positions, brokers said.
CBOT Weekly: External factors raising wheat prices
Weather, geopolitical risk provide support
Numerous factors caused United States wheat prices to sharply rise during the week ended June 18, 2025.
Varied rains leave parts of Manitoba in need of moisture: report
Planting 100 per cent complete
Varied rainfall across Manitoba left many areas of the province still in need of precipitation, with accumulations at 60 per cent of normal in eastern, Interlake and northwestern regions, reported Manitoba Agriculture in its latest weekly crop report.
U.S. grains: Soyoil hits 20-month peak, corn falls on good crop weather
U.S. soyoil futures hit their highest in 20 months on Monday, supported by U.S. biofuel blending proposals that are likely to increase demand, while soybean futures touched a one-month high before paring gains.
Canadian agricultural exports at record pace so far this year
Despite all the hubbub about tariffs and trade wars, Canada’s ag exports in 2025 are flowing at record pace
Canadian agricultural exports are moving at a record pace in 2025. According to the Canadian Grain Commission, weekly exports to June 1 are up by 7.5 million tonnes from last year. The largest rise was in canola.
U.S. grains: Soybeans climb, soyoil soars daily limit on US biofuel proposal
U.S. soyoil futures surged their daily limit on Friday and soybeans hit a three-week high after President Donald Trump's administration proposed biofuel blending requirements that were above trade expectations, analysts said.
Prairie wheat bids dip with U.S. futures, rising loonie
Durum narrowly mixed
Hard red spring wheat bids in Western Canada softened during the week ended June 12, as losses in the United States futures and strength in the Canadian dollar weighed on values.
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