The Sunday night session traded slightly higher until prices turned lower early this morning, led by wheat. Markets then opened the day session lower and turned weaker, probably for the following reasons:
Rains will be heavy across much of the Corn Belt over the next three to four days, but the six-10 and eight-14 day weather forecasts (see below) have finally turned much drier. That will eventually allow harvest progress to resume following two weeks of very wet weather.
Everyone expects Thursday’s USDA reports will be bearish. There was a story early this morning from Russia that it will sell at least 1.5 MMT of the 3 MMT available from its grain reserves.
U.S. commodity and equity markets were open today. However, USD...
What You Need to Know Today: Brazilian President Luiz Inácio Lula da Silva secured reelection on Sunday, defeating right-wing Senator Flávio Bolsonaro despite trailing in the first round of voting. The surprise victory triggered a sharp selloff in Brazilian financial market...
The 2026 midterm elections are a week from tomorrow, but early voting has been taking place for weeks. At stake is control of Congress, including the House of Representatives, where all 435 seats are contested, and the Senate, where approximately one-third of the seats are up for election. Farm...
Key Takeaways: Total U.S. crop acres (excluding hay) are forecast to expand fractionally this year due to greater oilseed crop and winter wheat plantings. One of the key drivers of this year’s crop outlook is input costs, and crops with a lower cost profile have an advantage in producers...
