Corn and soybeans staged reversals to yesterday’s WASDE-driven declines while wheat continued tacking higher on the report’s forecasted decline in global supplies. The price gains in feed supplies may have spooked livestock as those contracts traded lower. Also lurking in the background were questions about Black Sea grain impacted by the war. Even as USDA increased its forecast for Ukrainian wheat exports, Russia has damaged that nation’s Black Sea export facilities at the same time EU nations to the west have pledged not to allow passage in their direction. Meanwhile, Ukraine lobbed several missiles at Russia’s Sevastapol shipping port and pledged to send more of the same. Outside markets may also hav...
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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