Trading was mostly lower before USDA released its Acreage and Stocks reports at noon eastern time today. The reports could have been market movers but much of what they said was already expected to some degree. Once released, they confirmed the bearish tone that was already in play but was possibly more driven by helpful showers rolling into some growing areas mid-next week. While the reports were mostly neutral, they were notable. Corn acres again outnumber soybean acres – farmers love to grow corn despite higher input costs. There may be more spring wheat, but planting is so delayed in the Dakotas and Minnesota that USDA will have to re-survey the area.
Wheat stocks were known to be tight, and there are only slight...
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...
