Soybeans Sentiment: Neutral
Acreage totals matched expectations and signal comfortable forward supplies. But lingering headwinds from a strengthening dollar and the potential to add significant late acres are preventing short sellers from completely vacating their positions
Corn Sentiment: Mildly Bullish
Massive baseline supply potential limits immediate upside, aggressive domestic consumption numbers are establishing a firmer floor heading into the holiday weekend. The market is more vulnerable to weather than it was going into yesterday
Selected grain contracts at settlement...
Today's USDA reports weren't particularly bullish in terms of expected acres, but use and supply numbers sparked a turnaround...
Dec CORN: up 6 cents to $4.36
Nov SOYBEANS: up 4¾ cents to $11.43¾
Sep WHEAT: up 9½ cents to $5.89¼
An increasingly rare two day winning streak for hogs...
August hogs added 92.5 cents to finish up the day at $98.20
Corn and wheat stocks come in below market expectations with soybeans 15 million bushels above. Overall we have greater supply across the board vs 1 year ago but the market is reacting favorably. Dec corn up 4, Nov beans up 5, Sep wheat up 7
The market having an initial positive response to today's acreage and ending stocks update. Corn acres came in just above expectations while soybeans acres were right where anticipated and wheat acres were lower than expected
Incoming rain brings timely relief to U.S. crops as does a reviving monsoon season in India. Meanwhile severe flooding halts Canadian prairie progress as China prepares for dual cyclones set to disrupt corn and soybean planting in central and eastern regions
3.7 million bushels of HRS wheat to Nigeria...
Private exporters reported sales of 100,000 metric tons of hard red spring wheat for delivery to Nigeria during the 2026/2027 marketing year
