The CBOT was mixed for the day with wheat futures sinking lower after the HRW and SRW growing regions received favorable rains Wednesday and early Thursday. That, combined with export pressure from Russia and the Black Sea countries, put wheat on the defensive with funds emerging as net sellers again. The pressure in wheat spilled over into corn and pushed the spot December contract lower, though bear spreading lifted deferred markets. Strong export sales and a rally in soyoil sent the soybean market higher, though the charts still look bearish. The markets are now largely focused on export trends and prices, weather for the Northern Hemisphere winter wheat crops, and rains in Argentina and Brazil. Seasonally, futures are approaching t...
Mediterranean/Middle East/North Africa/Africa – MEA Region Morocco is reported to be resuming soft wheat imports on 16 September 2026, ending the three-month ban on imports that had begun on 1 June 2026. The government will announce the details of the 2026 wheat support program shortly. N...
Beef packer margins swung back into positive territory at $114/head last week, improving $164 from the prior week as the Choice cutout strengthened while fed cattle prices declined. The cutout rose nearly $8/cwt to $377/cwt, while fed cattle prices fell to $225/cwt, producing the strongest pack...
What You Need to Know Today: Pro Farmer’s crop tour pegged the 2026 U.S. corn crop at 173.2 BPA and anticipated a 15.344 Bbu crop – both figures well below expectations. Pro Farmer forecast 2026 U.S. soybean yields at 53.3 BPA, above most private estimates and USDA’s August W...
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Illuminating the value of technical research
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