More than 1,600 Prairie farms were hit by hail between July 29 and August 11, with the heaviest damage in Alberta, according to the Canadian Crop Hail Association (CCHC).
Iowa's corn yield potential set a new record high for the Pro Farmer Crop Tour while excessive June rains drove Minnesota's corn yield prospects to the lowest levels since 2012, scouts on an annual tour of top U.S. production states found on Thursday.
Chicago Board of Trade wheat futures hit contract lows on Thursday as low prices for Black Sea wheat and a stronger dollar undercut the competitiveness of U.S. grains, analysts said.
Chicago Board of Trade wheat futures Wv1 fell on Wednesday as heavy world supplies and cheap Black Sea exports weighed on prices, ahead of a potential Canadian rail stoppage on Thursday.
There is skepticism in the trade towards the latest numbers from Agriculture and Agri-Food Canada and those to come from Statistics Canada on Aug. 28, according to broker Ken Ball of Ventum Financial in Winnipeg.
Corn and wheat prices at the Chicago Board of Trade (CBOT) were mostly steady during the week ended Aug. 21, while those for soybeans started to move upward.
Days before Statistics Canada presents its monthly principal field crop estimates, Agriculture and Agri-Food Canada (AAFC) released its estimates on Aug. 20, showing some changes to grains from the month before.
Nearly three dozen North American agriculture groups, in a joint letter to the U.S. and Canadian governments today, urged action to avoid a rail stoppage.
Corn yield prospects in both Ohio and South Dakota were below last year's findings, but higher than the three-year average, scouts on an annual tour of top U.S. production states found on Monday.