There may have been two separate corrections occurring in the market today as prices generally slid lower. The first involved absorbing and recalibrating a soybean market that has climbed almost a buck a bushel in one week’s time. The other involved lifting some of the war premium as Russia makes it look increasingly unlikely it will outright invade Ukraine. The latter has been more directed at corn and wheat with the correction phase involving three out of the last four trading sessions.
Some point to USDA’s report this morning of 380 KMT of corn to China being cancelled, but some question the report and others point to a USDA Export Sales report that exceeded expectations on new crop corn and soybean sales. The report was c...
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...
