Wheat futures were the exception to the CBOT’s trend-following trade on Tuesday, as the market rallied following another round of Russian attacks on Ukrainian ports. The news sent wheat higher with CBOT futures up 10+ cents in a clear break from their recent trend lower. Corn and soybeans followed their sideways and higher trends for the day, with the Brazilian weather outlook creating most of the day’s support. Soybeans did receive benefit from soyoil’s rally, which both technical and fundamental developments motivated. Funds were net buyers for the day and covered some wheat and corn shorts for the day as Thursday’s U.S. Thanksgiving holiday and a shortened trading day on Friday loom. Outside markets were mo...
What You Need to Know Today: End-of-month profit taking sent the CBOT broadly lower, though corn and soybeans managed to post small gains to continue their rallies. Turkey’s foreign ministry claimed to have a plan to ensure safe passage for both Ukrainian and Russian grain vessels via th...
Developer's Note 24 August 2026: WPI recently completed an exercise that updated the codebase for this app and solved some of the discrepancies between our five-year average calculation and USDA's. There are a few lingering cases where early (late) starts (finishes) to the crop cycle resu...
Key Takeaways: Corn and soybean prices rallied sharply last week as declining U.S. production expectations collided with strong demand, raising the prospect of tighter supplies and leaving the market with a smaller margin for further yield losses. The USDA’s lower August yield estimates...
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