A combine loads wheat into a truck in the Cherlaksky district of the Omsk region, Russia, Oct. 4, 2024. Photo: Alexey Malgavko/Reuters

June’s fast-moving grain markets

June 2025 was an interesting month for canola and geopolitics stole the spotlight from grain market specifics

Summing up the grain markets: June 2025 was an interesting month for canola prices and geopolitics stole the spotlight from grain market specifics






Wheat crops damaged by drought are seen during an annual winter wheat tour, near Colby, Kansas, U.S., May 13, 2025. Photo: Reuters/Emily Schmall

‘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.