Led by KC HRW, U.S. wheat futures prices charged higher on word that Russia was attempting to restrict grain exports by denying quality certification on export shipments except those to the four favored countries. General Comments Commodity and financial markets had plenty of things to chew on today. In no particular order, these included:
The Russian government announced that it would provide its usual phytosanitary certification on export grain shipments that are headed to only four countries. These include Egypt, India, Turkey and Armenia. This is a backhanded way of trying to limit the volume of Russian grain exports. With the exception those shipments, Russian authorities will no longer certify that the quality of Russian grain sh...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
Key Takeaways: Expected growth in U.S. soybean crushing capacity and output, driven by biofuel demand, will increase domestic soymeal supplies, with production growth significantly outpacing demand. WPI forecasts soymeal production increasing from 65.8 million short tons in 2026/27 to 70.5 mil...
Russian Grain Markets: 19–23 October 2026 The Russian grain market continued its recovery during the week, although prices remained volatile across regions. Wheat was notably bullish, while feed barley and corn were slower to appreciate, primarily because of weaker export demand amid logi...
