The Sunday night session traded slightly higher until prices turned lower early this morning, led by wheat. Markets then opened the day session lower and turned weaker, probably for the following reasons:
Rains will be heavy across much of the Corn Belt over the next three to four days, but the six-10 and eight-14 day weather forecasts (see below) have finally turned much drier. That will eventually allow harvest progress to resume following two weeks of very wet weather.
Everyone expects Thursday’s USDA reports will be bearish. There was a story early this morning from Russia that it will sell at least 1.5 MMT of the 3 MMT available from its grain reserves.
U.S. commodity and equity markets were open today. However, USD...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
