Politics lure prices higher — this week in the grain markets

Opinion

As many western Canadian producers are passed the halfway point of seeding, American Midwestern farmers are still barely scratching dirt thanks to continuous rains. Grain markets have started to acknowledge some of this latter risk, in addition to the benefit of a second round of trade war aid from President Trump. Looking more continental, the U.S. finally dropped its steel tariffs on Mexico and Canada. For the week, corn and winter wheat markets made the biggest jumps while the oilseeds and gave up significant ground on Friday, paring some of its gains for the week. Notably, soybeans were down 17-18…