Corn inspections for the week ending July 9 fall from the week prior but remain the high end of trade expectations. Wheat inspects rebound and climb back within the range of trade estimates. Soybean inspections fell off about 22% vs the prior week but land inside of expectations
5 million more soybean bushels announced to China...
Private exporters reported sales of 136,000 metric tons of soybeans for delivery to China during the 2026/2027 marketing year
An intensifying U.S. reproductive heatwave and destructive European weather are countered by a rapid Brazilian safrinha harvest pace. Meanwhile, persistent rains threaten Russian spring wheat quality, cementing a highly volatile global supply outlook
Selected grain contracts at settlement...
Escalations in the Black Sea region halting some Russian shipping channels and tightened ending stocks from the USDA today...
Dec CORN: up 9 cents to $4.61
Nov SOYBEANS: up 9¼ cents to $11.90¾
Sep WHEAT: up 20½ cents to $6.40¼
A bit of a fundamental boost for the hog markets today. Provided at least some support to the front month contract...
August hogs climbed 85 cents to finish the week at $99.00
One tweak by the USDA to the current corn and soybean crops in South America. Corn production increased in Argentina by 2 million metric tons. All other June projections remain the same
As expected no changes to projected U.S. corn and soybean yield just yet from the USDA. They stick with June's numbers for now
