With harvest starting in Canada and weather mostly co-operating throughout North America, it appears crops will have a good finish, according to the CWB, which is becoming G3 Canada Ltd. Poor weather earlier in the year was a concern in some areas, especially for corn and soybeans in the U.S., but so far crops seem better than expected.

The feeling in the markets, however, may not be so solid.

Neil Townsend, director of market research for CWB says off-shore demand is pretty standard, but right now there seems to be more wheat available than there are buyers. He also says the economic situation in China is causing some nervousness.

"You've got to remember that China is the world's biggest importer of soybeans, and a humungous producer of corn and wheat. And probably they eat the world's most amount food because they have 1.3 billion people, or something like that," he says.

On top of that, Townsend says the higher U.S. dollar generally means lower commodity prices.