After a mostly dreary week, grains and soybeans managed a modest turnaround today. Not a complete turnaround as there were still net losses for the week but they were left shallower. The big driver was the falling dollar and perceptions that the economy is moderating. For the week, December corn is down 23 cents, December SRW is 34 cents lower, and January soybeans lost 12.25 cents.
The CFTC’s Commitment of Traders report is delayed until Monday due to today’s Veterans Day holiday. However, it is expected to show funds getting out of corn due to the constant drumbeat of low exports. There is no early word from a meeting today between the UN, Russia, and Turkey on whether to extend the Black Sea grain corridor for Ukraine p...
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...
