Markets were all lower overnight, and that pattern accelerated throughout today’s session with wheat, corn and soybeans all suffering big losses at the close. The two primary factors in today’s markets are the following:
Corn Belt weather looks wet for the first half of this week. The latest forecasts indicate that heat and dryness will follow but not continue for a prolonged period. China’s president made comments over the weekend indicating that country is ready for a trade fight. The 6 July deadline for implementation of the proposed tariffs is now little more than a week away.
U.S. equity markets were also getting smashed today. Crude oil and the U.S. dollar were lower as well.
Corn FUTURES Corn can...
Key Takeaways: The U.S. herd is stabilizing, but growth remains modest. Total goat inventory rose 1 percent in 2026, while meat-goat numbers increased 2 percent, which is not enough to materially reduce import dependence. Domestic slaughter is rising from a low base. Commercial slaughter incre...
What You Need to Know: U.S. fertilizer production is highly concentrated, but concentration alone does not establish that producers are operating as a cartel. Imports introduce competition unevenly: they supply nearly all U.S. potash consumption but play much smaller roles in domestic ammonia...
Given yesterday’s headlines, today’s market action may not be what many expected. The dollar is little changed, crude oil is pulling back and stocks are trading higher. Crude may be the biggest piece of today’s reversal. Saudi Arabia is offering additional crude to Asian buyer...
