How does South America weather move Canadian grain prices?

Better rain in Brazil and Argentina lowers global supply risk, which can pressure futures and trim Canadian cash values. The loonie can offset some of that move. If CAD strengthens, export margins can tighten. If CAD weakens, it can cushion futures declines in Canadian-dollar terms.

What could shift corn futures today over the next week?

Fresh weather runs, positioning into the Jan. 12 USDA WASDE, and any change in delivery patterns could move prices. If forecasts stay wetter, sellers may stay in control. A sudden drier turn or harvest hiccups could spark short-covering and a quick bounce in corn futures today.

Where might soybeans price go before the WASDE?

With friendlier forecasts and heavy January deliveries, the bias leans soft unless models turn drier. A shift toward heat or rain gaps could lift risk premiums quickly. Into the report, traders often trim risk, so expect two-way volatility around headline weather and any early harvest updates.

Why are investors watching Brazil crop weather so closely?

Brazil anchors a large share of global corn and soybean supply. Consistent moisture supports yields and caps prices, while a return to dryness can lift risk premiums fast. For Canadian portfolios, Brazil crop weather can swing local basis and export competitiveness, affecting realized CAD returns.

Global Market Insights

Grains Today, January 3: South America Weather Extends Selloff

ByDanny Kontos January 4, 2026January 4, 2026

South America weather is the key driver for grains today, with steady Brazil rains and improving Argentina forecasts pushing prices lower in thin New Year trade. Corn futures today, soybeans price, and wheat all face pressure as heavy January deliveries in the soy complex add weight. For Canadian investors, the focus shifts to currency moves, Prairie basis levels, and export competitiveness ahead of the USDA’s Jan. 12 WASDE report, which will reset supply and demand expectations. We break down what the next week could mean for risk, hedges, and price opportunities.