The CBOT turned lower on Tuesday with wheat leading the way on new contract lows in Paris wheat and aggressive competition from Ukraine and Russia on the export market. CBOT wheat also scored new contract lows as traders again piled into short positions on the emerging technical weakness. Corn and the soy complex also turned lower but lacked the severity of the wheat market as favorable South American rains aided crop prospects there. Too, the markets are starting to settle into a pre-WASDE trading range with traders uninterested in adding risk heading into the report. The report should be mostly neutral corn and soybeans but how USDA will handle the South American crops remains the major wildcard. There is a wide range of estimates around...
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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