After four days of trading this week and thousands of contracts trading hands, as of today’s close, corn is down 0.292 percent, soybeans are down 0.949 percent, and wheat has lost 1.4 percent. And it could all zero out by tomorrow’s close. With little new to factor in, markets are trading sideways with the more ambitious capturing an occasional bit of minor profit-taking. The known knowns readily outnumber the unknown knowns.
Notably mixed was today’s USDA Export Sales report. Wheat sales beat expectations but not much else did.
There are some variables that are coming to a head. UN aid chief Martin Griffiths is “relatively optimistic” that the Black Sea grain corridor agreement will be extended...
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...
