For the most part, agricultural commodity markets ignored the blood bath on Wall Street. December corn broke through resistance, soybeans earned back some of its recent losses, meal closed higher a second day, and wheat fought back against some of its recent weakness. However, soyoil had its sixth day with a lower close, and weak technicals continued to weigh on the beef market.
One notable weird point is that volume was light across the board, except for September HRS, which had higher volume than usual but priced itself in a narrower and lower range than did SRW or HRW. The morning session picked up where the overnight session had left off. The open mimicked the overnight close. Corn, soybeans, and wheat grew strength as the ses...
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...
