Markets firmed up overnight with wheat trading 5-6 cents higher following yesterday’s big sell-off. Wheat then took off sharply higher in the first hour of trading this morning. The strength was attributed to a report that U.S. wheat was among the cheapest offers to Egypt. Corn followed wheat higher, recapturing yesterday’s losses at mid-morning and holding those gains into the close. Trading volume in both wheat and corn was heavy, and both futures markets were heavily oversold after yesterday’s big losses. The soy complex was slightly higher in soybeans and meal while slightly easier in soyoil. Next week’s U.S. Corn Belt weather looks cool and damp (see maps below).
U.S. equity markets were crumbling agai...
Markets are caught between reasons to keep selling and reasons to take another look. Fund liquidation and renewed peace talks are pressuring grains, while fresh export business and some diesel relief offer encouragement. Corn recovered nearly 10 cents from its low to finish higher, while soybea...
Key Takeaways: President Trump announced $8 billion in additional agricultural assistance through the Harvest Fuel Relief Program, as USDA projects farm fuel and oil expenses will increase 28.8 percent in 2026. The package follows $12 billion in earlier relief, while government farm payments w...
Key Takeaways: A student group from the University of Chicago is protesting to bring back onion futures trading. Trading in onion futures was banned in 1958 following a spectacular bout of market manipulation that resulted in a corner of the physical market. The ban on onion futures led t...
