A down day was in the forecast and down it was. December corn staged a minor comeback mid-session but could not hold and ended on a fractional loss. December SRW opened lower, briefly stabilized and then sank even lower for the close. The liquidation rivaled Tuesday’s exit, but the impact was more on wheat and less on corn.
The higher volume in corn trading reflects the different views about what tomorrow’s USDA WASDE report is going to indicate. Whatever it says is more likely to be accurate when it comes to corn because this crop has been made. In any event, the overall expectation is bearish. Tomorrow could set contract lows, assuming USDA does not repeat its August report with a surprisingly bullish picture. ...
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...