Except for livestock and soyoil, today’s futures trading opened mostly lower. However, under relatively smaller volumes of trading, corn, soybeans, soymeal, SRW and Live Cattle fought back to modest gains by the end of the session. For the week, December corn lost 4.5 cents, November soybeans added 11.75 cents, and December SRW gave up 9 cents.
Again, for the week, corn and soybean speculators cut their net long positions by 9 percent in corn and by over 30 percent in soybeans, while they cut their short positions in wheat by 4.5 percent. As always, there are many factors running in both directions, but the overall market situation is stability. The weather is even providing some stability. Brazil continues to plant rapidly...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
