Key Takeaways:
Corn prices will see support in 2026/27 and likely average $5.11/bushel for farm-gate values across the marketing year. Support for corn values comes from an 8 percent year-over-year reduction in supplies that is only partially offset by a 2 percent reduction in total use. Soybeans’ 2026/27 outlook depends greatly on whether China purchases 25 MMT of soybeans. Currently, WPI holds this scenario as the most likely case, which we believe will pare back soybean ending stocks substantially. Between Chinese demand and curtailed domestic production, WPI looks for soybean ending stocks to fall to 235 Mbu and push prices into the $13.22/bushel level. Expectations for the Black Sea conflict to seriously boost U.S. wheat shipmen...
Yesterday’s momentum is facing a tougher test today. Stocks and most grain markets have pulled back, while higher Treasury yields and a firmer dollar are making buyers work harder to defend the gains. Crude oil has turned lower, easing some immediate energy pressure, but the Fed minutes l...
Key Takeaways: Global vegetable oil production continues to expand, but the major oils are being driven by very different supply, demand, and trade dynamics. Palm oil faces heavy near-term supply pressure from rising Malaysian inventories, while Indonesia’s B50 mandate and El Niño...
Russian Grain Markets: 28 September–2 October 2026 During September, the Russian grain market clearly divided between export demand in the Baltic and Caspian seas. While Caspian business is still developing, Baltic business is showing greater stability and is becoming an important indicat...
