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Chicago wheat futures fell to contract lows near their lowest since 2020 as corn and Northern Hemisphere harvest supply weighed. December corn closed at $4.02 a bushel, and soybeans were supported by larger-than-expected export inspections despite weak Chinese demand.
USDA prepared to pay out $12 billion in farm subsidies.
Heavy harvest supply and ample US corn expectations keep grain prices under pressure. The subsidy payments support farm income but do little to lift futures.
grainews.caAug 5, 2025Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
