Weather Steers Grain Markets as Trump Unveils Tariffs on Canadian Goods

1 articles · Updated · RFD-TV · Jul 21

U.S. grain markets remain weather-led at a critical summer crop stage, with Lewis Williamson saying the latest USDA Crop Progress ratings were largely uneventful and showed less deterioration than he expected.
Minnesota's “beautiful corn” and generally strong conditions in many areas helped explain that resilience, though Louisiana growers have started harvest while leaving some corn standing because moisture remains high.
Black Sea export uncertainty, drought worries in Europe and fertilizer availability tied to the Strait of Hormuz are adding global risk to price direction beyond U.S. field conditions.
Strong soybean crush margins, healthy ethanol margins and continued export demand are also supporting the market backdrop as traders assess Trump's new tariffs on Canadian goods during USMCA talks.