Recent Soy & Oilseeds Analysis
Summary of Futures
Dec 26 Corn closed at $5.085/bushel, up $0.05 from yesterday's close. Dec 26 Wheat closed at $6.9925/bushel, down $0.0075 from yesterday's close. Nov 26 Soybeans closed at $12.395/bushel, up $0.03 from yesterday's close. Dec 26 Soymeal closed at $325.8/short ton, up $2 from ye...
Market Commentary: Bullish Momentum Continues for Corn and Soybeans
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
Summary of Futures
Dec 26 Corn closed at $5.035/bushel, up $0.055 from yesterday's close. Dec 26 Wheat closed at $7/bushel, up $0.025 from yesterday's close. Nov 26 Soybeans closed at $12.365/bushel, down $0.0075 from yesterday's close. Dec 26 Soymeal closed at $323.8/short ton, down $1.8 from y...
Market Commentary: Pro Farmer Crop Tour Results Point to Lower Yield Potential
What You Need to Know Today: Day three of the Pro Farmer Crop Tour found corn yield potential below last year in both Illinois and western Iowa. Illinois corn yields averaged 184.2 bushels/acre, down from 199.6 bushels/acre last year and the 199.2 bushels/acre three-year average, while wester...
Summary of Futures
Dec 26 Corn closed at $4.98/bushel, up $0.1 from yesterday's close. Dec 26 Wheat closed at $6.975/bushel, up $0.1625 from yesterday's close. Nov 26 Soybeans closed at $12.3725/bushel, up $0.205 from yesterday's close. Dec 26 Soymeal closed at $325.6/short ton, up $6.8 from yes...
Market Commentary: Pressure Moves, Markets Reprice the Risk
Macro: Treasury Squeezes Yields, the Dollar Gives Way Today’s markets are offering a lesson in pressure: it rarely disappears — it simply moves. The U.S. Treasury stepped into the bond market after long-term yields surged to levels not seen in nearly two decades. By announcing plans...
Black Sea Regional Analysis
Russian Grain Markets: 10–14 August 2026 The Russian grain market continued to weaken sharply during the second week of August as the Black Sea logistics situation deteriorated. Russia and Ukraine continued exchanging drone and ballistic attacks on seaports, infrastructure and commercial...
Summary of Futures
Dec 26 Corn closed at $4.88/bushel, down $0.015 from yesterday's close. Dec 26 Wheat closed at $6.8125/bushel, down $0.08 from yesterday's close. Nov 26 Soybeans closed at $12.1675/bushel, up $0.0075 from yesterday's close. Dec 26 Soymeal closed at $318.8/short ton, up $0.1 fr...
Market Commentary: Turnaround Tuesday Hints at Rally Doubts
What You Need to Know Today: Declining crop conditions ratings and shaky results from the Pro Farmer crop tour sent grains sharply higher on Tuesday. The Pro Farmer tour in Ohio pegged the state yield at 180.18 BPA, about 5.5 BPA below the tour’s 2025 estimate. Similarly, the Pro Farmer...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt is the largest importer of Brazilian maize in the first six months of 2026. Egypt imported about 28.4 percent of maize exports, or about 1.7 million MT. Iran was the third-largest importer at 14.5 percent, or 900,000 MT, fol...
Brazil’s Reliance on Imported Fertilizer Is a Potential Weak Link
Key Takeaways: Brazil’s growing role in global agriculture is accompanied by a major vulnerability: the country imports approximately 88 percent of its fertilizer needs. High natural gas costs and development challenges have limited domestic nitrogen and potash production despite Brazil&...
Market Commentary: CBOT Rises as Crop Tours Start and Weather Forecasts Shift
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Summary of Futures
Dec 26 Corn closed at $5.085/bushel, up $0.05 from yesterday's close. Dec 26 Wheat closed at $6.9925/bushel, down $0.0075 from yesterday's close. Nov 26 Soybeans closed at $12.395/bushel, up $0.03 from yesterday's close. Dec 26 Soymeal closed at $325.8/short ton, up $2 from ye...
Market Commentary: Bullish Momentum Continues for Corn and Soybeans
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
Summary of Futures
Dec 26 Corn closed at $5.035/bushel, up $0.055 from yesterday's close. Dec 26 Wheat closed at $7/bushel, up $0.025 from yesterday's close. Nov 26 Soybeans closed at $12.365/bushel, down $0.0075 from yesterday's close. Dec 26 Soymeal closed at $323.8/short ton, down $1.8 from y...
Market Commentary: Pro Farmer Crop Tour Results Point to Lower Yield Potential
What You Need to Know Today: Day three of the Pro Farmer Crop Tour found corn yield potential below last year in both Illinois and western Iowa. Illinois corn yields averaged 184.2 bushels/acre, down from 199.6 bushels/acre last year and the 199.2 bushels/acre three-year average, while wester...
Summary of Futures
Dec 26 Corn closed at $4.98/bushel, up $0.1 from yesterday's close. Dec 26 Wheat closed at $6.975/bushel, up $0.1625 from yesterday's close. Nov 26 Soybeans closed at $12.3725/bushel, up $0.205 from yesterday's close. Dec 26 Soymeal closed at $325.6/short ton, up $6.8 from yes...
Market Commentary: Pressure Moves, Markets Reprice the Risk
Macro: Treasury Squeezes Yields, the Dollar Gives Way Today’s markets are offering a lesson in pressure: it rarely disappears — it simply moves. The U.S. Treasury stepped into the bond market after long-term yields surged to levels not seen in nearly two decades. By announcing plans...
Black Sea Regional Analysis
Russian Grain Markets: 10–14 August 2026 The Russian grain market continued to weaken sharply during the second week of August as the Black Sea logistics situation deteriorated. Russia and Ukraine continued exchanging drone and ballistic attacks on seaports, infrastructure and commercial...
Summary of Futures
Dec 26 Corn closed at $4.88/bushel, down $0.015 from yesterday's close. Dec 26 Wheat closed at $6.8125/bushel, down $0.08 from yesterday's close. Nov 26 Soybeans closed at $12.1675/bushel, up $0.0075 from yesterday's close. Dec 26 Soymeal closed at $318.8/short ton, up $0.1 fr...
Market Commentary: Turnaround Tuesday Hints at Rally Doubts
What You Need to Know Today: Declining crop conditions ratings and shaky results from the Pro Farmer crop tour sent grains sharply higher on Tuesday. The Pro Farmer tour in Ohio pegged the state yield at 180.18 BPA, about 5.5 BPA below the tour’s 2025 estimate. Similarly, the Pro Farmer...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt is the largest importer of Brazilian maize in the first six months of 2026. Egypt imported about 28.4 percent of maize exports, or about 1.7 million MT. Iran was the third-largest importer at 14.5 percent, or 900,000 MT, fol...
Brazil’s Reliance on Imported Fertilizer Is a Potential Weak Link
Key Takeaways: Brazil’s growing role in global agriculture is accompanied by a major vulnerability: the country imports approximately 88 percent of its fertilizer needs. High natural gas costs and development challenges have limited domestic nitrogen and potash production despite Brazil&...
Market Commentary: CBOT Rises as Crop Tours Start and Weather Forecasts Shift
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...