Markets were higher overnight and were called for similar follow through this morning, but things did not initially go as planned. Instead, funds came out as sellers with a generally bullish Export Sales report all but ignored. Volume was generally modest. However, after dragging negative for much of the time there was a turnaround later in the day that brought small gains to corn and soybeans. This is a market that bumps along, unable to find anything persuasive for more than mostly sideways congestive behavior. There will start to be some more nervous conduct as the 12 October WASDE report draws closer. The past week has generally been bearish corn and soybeans and bullish wheat, but today was a reversal of that trend.
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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...