Uncategorized

WASDE Crop Report Bullish Corn ending stocks along with price friendly wheat production numbers for KC Wheat. Soybean stocks were left equal to June WASDE but friendly compared to estimates.

Spec trade: Buy a September Chicago wheat at the market, 609.4 last with a 602 stop.

Pres. Trump renews strikes against Iranian strategic targets in retaliation for Iran’s missile attacks on civilian ships. Grain Overview A nervous grain trade started mixed last night but slowly gained overnight. At around 3:00 a.m. CT, Pres. Trump, who is in Turkey, made statements that the Iranian cease-fire was likely over while the US was…

No turnaround Tuesday has yet developed in the grain trade following yesterday’s sharp price rise. Grain Overview The grain trade maintains a firm tone this morning, a sign that the selling vigilantes are still licking their wounds from yesterday’s sharp post-Fourth of July gains. The real test of the market’s ability to stall any rally…

Independence Day weekend brings a sharp change in attitudes on grain prices. Grain Overview Sunday night’s firm start turned into a sharply higher run for the grain trade during the overnight session, as weather forecasts are no longer conducive to achieving a national corn yield of 183 BPA. Even soybean yield potential is beginning to…

A firm tone ahead of the last trading day of the week. Will the selling vigilantes cause a retreat today? Grain Overview This morning’s grain trade is firmer across the board as follow-through buying from yesterday’s newfound interest to reduce shorts due to the USDA acknowledging shrinking world stocks continued. The US Corn Belt is…

A new month brings a new attitude. Grains found follow-through strength overnight Grain Overview Oh, the smell of a new calendar month in the morning, a three-day weekend on the way, and index funds jammed on their positions. The thing like the “last day of the month, first day of the month” trend flop. Now,…

USDA Crop Acreage Report 6/30/26 Acreage data was friendly on corn and wheat stocks and neutral for beans

The grain trade rolls into the biggest crop report of the year, with a heavy bearish bias. This creates surprises. Grain Overview Heat and expanding dryness across the Western Corn Belt and much of Europe continue to receive little market attention, but that could change quickly if crop conditions deteriorate further. July corn slipped below $4.00…

The wheat trade catches a bid overnight while row crops soften ahead of Tuesday’s big report. Grain Overview After a steady start to the grain trade Sunday night, row crops are all lower, while wheat turned mixed. The hard wheat pricing is firmer as French milling wheat gains $1.50/MT to $ 204.25, while Euronext Nov…