Wheat Argentina’s wheat situation is increasingly complicated. It has not rained for several weeks, and the soil moistures are insufficient for planting wheat seeds. Many farmers missed the planting window or decided not to take the risk of planting. The Buenos Aires Grain Exchange again cut its sowing estimates by 100,000 ha to 6.3 Mha, down from 6.7 Mha last year. To date, 60 percent of the area has been planted with rapid progress in the last two weeks, especially in Buenos Aires province. Regarding crop conditions, perhaps the most important thing to note is that 40 percent of the area is in fair to poor water conditions. To make matters worse, the forecast for the coming weeks is not optimistic.
Additionally, pri...
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...
