Where are the season lows? Despite competitiveness problems, corn and wheat prices continue to be stable. At least soybeans have stellar exports to prop them up, though soymeal and soyoil values may see some policy induced distortions. For the trading week thus far, corn and wheat are down but soybeans are +7.75 cents.
Markets work when they are allowed to, as exemplified by the fertilizer market. Both fertilizer and microchips were in short supply with high prices earlier this year but now both have dropped. Farmers in Brazil refused to pay high prices and now there is a glut of phosphate and prices have plunged almost 50 percent. The same for urea with NOLA quotes now down 35 percent from highs this past summer. Soybeans f...
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...
