There is still some buying activity at feedlots despite some cattle already being put out to pasture for the summer months, according to Susanne Leclerc at Edmonton-based Market Master Ltd.
Chicago soybean futures dropped on Wednesday as the U.S. Department of Agriculture's data showed rapid planting progress, and demand was slow, according to analysts.
Weather conditions will be a major factor moving grain and oilseed markets in the United States over the next few months, as seeding operations wrap up and attention turns to the developing crops.
Chicago wheat fell for a third straight session on Tuesday, as rain in growing areas of the U.S. Plains improved moisture for the crop, reinforcing expectations of a well-supplied market, according to analysts.
Australian wheat inventories will likely be much higher than last year at the end of the season, pressuring prices, because of a drop in Chinese imports and competition from ample supplies out of rival exporter Russia, analysts and traders said.
Chicago corn and soy futures eased on Friday ahead of a long weekend in the U.S., after President Donald Trump posted on social media that he recommended a 50 per cent tariff on goods from the European Union.
Hard red spring wheat bids in Western Canada found some strength during the week ended May 22, as gains in the United States futures more than countered the bearish influence of a rising Canadian dollar.