The CBOT opened mixed with corn and soybeans steady/lower while wheat saw higher trade on tightening global supplies. That early weakness, however, was mostly erased with corn gaining upside traction while wheat traded firmer in two-sided trade. The corn rally came despite a modest pullback in energy values, but the slow European and Ukrainian harvests are offering secondary support. The market’s focus seems to be shifting back to demand-side factors with Northern Hemisphere crop sizes essentially determined for the year. The weekly Export Inspections report reflected the near-full reopening of the U.S. Gulf with corn and soybean shipments up sharply from the prior week. Corn and wheat inspections were below their weekly target...
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.
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...