Monday, December 8, 2025, 6:15 am

Friday was a mostly negative day for our markets.  Harvest corn closed down 2 1/2, spot soybeans closed down 14 1/4, spot winter wheat closed down 4 1/2 and spot spring wheat was unchanged.  In the overnight trade corn and the wheat sector are positive with soybeans still on the negative side.  Oil closed up $0.41 on Friday at $60.08 per barrel.  It is weaker in trading this morning with it now valued at $59.53 per barrel.  Our dollar traded between a low of $0.716 US and a high of $0.724 US on Friday with it closing out at the high end of the range.  It is down a bit this morning with it currently valued at $0.723 US.

Soybean futures were down 4 of the 5 trading days last week.  This included Friday as noted above even though a soybean sale was announced to China.  They have now agreed to purchase about 23% of the 12 million tonnes that is supposedly in the recent ‘Trade Pact’ between the two countries.  Remember we still do not have confirmation that any agreement has been signed.  The small sale on Friday was not enough to rally this market as traders are waiting for more significant sales to be made.

Wheat prices have been very flat over the last few weeks and this is actually a sign of strength in the market.  We say this as wheat stocks around the world continue to grow with increased production in various wheat producing nations being reported.  Last week Statistics Canada released data reporting that total wheat production in Canada rose 11.2% year over year to a record of 40.0 million tonnes this year.  Spring wheat makes up the majority of this production coming in at 29.3 million tonnes.  The previous production record was set in 2013.  Ontario produced just under 3 million tonnes with a majority of it being winter wheat.  Quebec produced only about 300,000 tonnes of wheat.

Last week was a negative week for our markets which ended a string of positive weeks especially in the corn and soybean markets.  Corn was down $1 per tonne for both this year and next year’s harvest.  Soybeans were down $11 per tonne on the spot market and $8 per tonne for next year’s harvest.  Spring wheat was down $2 per tonne for this year and $1 per tonne for next year.  Winter wheat was down $1 per tonne on the spot market and $2 per tonne for next year’s harvest.