Soybeans and soyoil opened in the green and stayed that way all session, setting new contract highs in soyoil and November beans. Corn opened higher but quickly turned south with a closing loss of 1.75 cents. Wheat was in the hole all day as trading on Wednesday and Thursday’s losses looked almost like the mirror opposites of the gains on Monday and Tuesday.
The sour mood in the wheat pit contrasted with the morning’s USDA Export Sales report that showed wheat numbers at their best for the year. In fact, the overall report looked better than guessed by the trade with impressive shipments of soybeans and corn sales at a six-week high. Net sales of wheat for 2021/22 were at a marketing year high. Corn and soybean sales we...
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...
