Wheat The outlook for wheat continues to get more complicated with rains failing to arrive and temperatures beginning to rise, thus increasing the crop's water requirements. Some light rains fell at the end of the weekend, but fields generally have very little water, with insignificant or insufficient moisture reserves in most of the wheat area.
The drought is sufficient to have some analysts already discussing a wheat crop of 17-17.5 MMT, which sounds optimistic to WPI, unless there is a radical change in precipitation patterns in the coming days. The crop in the core zone is the most affected, and the share of wheat fields rated in regular/bad condition rose from 54 percent last week to 70 percent this week. In some...
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...
