The CBOT rally that started on Wednesday continued into Friday as traders bought back short positions and added slight length to positions heading into the weekend. The U.S. weather forecast has shifted to favor hotter, drier weather into August, which prompted most of this week’s recovery in corn and soybeans. The wheat market rallied as well, though fundamental news for the move was notably lacking. The trade is looking forward to next week’s WASDE report from USDA, to be released on Tuesday, and expectations are generally for a bearish report.
The Export Sales report was once again bearish old crop corn and soybeans and bearish new crop wheat, with sales and exports of all three commodities missing their weekly t...
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...
