The Market Soybeans were fighting their way back to breakeven for the week until USDA issued its quarterly stocks report midday and showed more product on the books than anyone expected. Mind you, stocks to use is still very tight but suddenly there is 13 percent more beans than expected and Chicago made a neck-breaking reversal. Instead of trading 15 cents higher it plunged 32 cents to make the net loss on the week 47 cents.
For the week, the complex dropped 3-4 percent in value and is exposed to further softening. November soybeans lost 61 cents (-4.2 percent), December soymeal lost $4.20 (-4.7 percent), and December soyoil lost 2.3 cents (-3.3 percent).
China wants to reduce imports and Brazil is more competitive, but China still...
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...
