The market opened soft with wheat and soyoil as leaders and the rest in the hole, but a route was found out of the hole by everything but soymeal and feeder cattle. There were nudges along the way, such as rising prices elsewhere, continued buyer demand, and rising energy values. There were also negatives, such as higher IGC numbers and mediocre export sales. The thrust has been downward but the last two days of trading are starting to look like a firmer floor is being established.
The combination of global demand and what looks like imperfect fields being combined with reduced yields and tar spot disease in corn leads to some caution for the bears. At the same time, the weather is deterring the bulls. Wetness in the east wi...
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...
