The CBOT saw another day of soybean-led strength with soybeans and soymeal scoring new contract highs amid a demand-rationing panic. Crops in South America continue to decline and the latest two-week weather forecast is dry once again, which is pushing physical and futures values higher. Corn and wheat were somewhat along for the ride on Tuesday, though the latest Brazilian weather forecasts aren’t encouraging for the country’s second-crop corn prospects. Wheat futures were fractionally higher on support from corn and soybeans as well as a weaker U.S. dollar. For the day, funds were net buyers in soybeans and secured some 18,000 contracts. Funds also bought as much as 20,000 contracts of corn while buying a modest 8,000 c...
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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...