Although soybeans closed higher today, it could not offset the losses over the previous four trading sessions and left July soybeans nearly a dollar lower. The drop followed USDA reported net export sales of soybeans for the current marketing year fell 90 percent from a week ago, and 2022/23 net sales were down 35 percent. Current marketing year net sales of meal and oil were also down, though meal sales for 2022/23 were higher. The market ignored USDA lowering the share of new crop soybeans rated in Good/Excellent condition to 68 percent, which was one percent lower than the market expected.
AgriFood Canada reported that farmers are planting seven percent less canola this year and instead boosting the area sown to grain. The relatively...
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...
