Agriculture

USDA raised its 2026/27 Brazil corn forecast to 138 million metric tons and soybeans to 180 million tons; Argentina corn to 61 million tons and soybeans to 50 million tons. The increases reflect favorable South American harvest conditions. Larger global supplies weigh on U.S. corn and soybean prices. Read →

Egypt purchased a record volume of domestic wheat following higher government procurement prices and expanded planted area. Officials project purchases will reach the 5 million metric ton target this season. Reduced import reliance supports local wheat prices but has limited immediate global impact. Read →

June Crop Production report pegged U.S. winter wheat at 1.029 billion bushels, down from prior month and the lowest since 1965. WASDE showed minimal changes to corn and soybeans but lower wheat supplies and ending stocks. Markets reacted with lower grain futures prices post-report. Read →

U.S. 2026/27 corn outlook virtually unchanged with season-average price at $4.40/bu. Soybean supply, use and price projections held steady at $11.40/bu. Wheat production cut 18 million bushels to 1.543 billion, lowering ending stocks 18 million to 744 million bushels and price to $6.00/bu. Read →

Corn, soybean and wheat futures posted gains on June 10 as traders adjusted positions ahead of the USDA's June WASDE report. The report will update estimates on grain supplies, ending stocks and global production. Market reaction matters for farmers, agribusinesses and commodity investors given the impact on prices and strategies. Read →

USDA will release June Crop Production and WASDE reports at 11 a.m. CDT on June 11. Pre-report analyst polls indicate little change expected across crops, with modest old-crop balance sheet adjustments possible. Production changes are uncommon in June given favorable early-season conditions. Read →

USDA will release its June Crop Production and WASDE reports at 11 a.m. CDT on Thursday, June 11. The update follows a mass exodus from long positions in May and early June. Traders will look for renewed confidence in the balance sheets amid recent price weakness. Read →

USDA's June 8 Crop Progress report shows U.S. corn planting at 97% complete as of June 7, with Kentucky, Nebraska and North Carolina finished. Corn condition holds at 67% good to excellent. Soybean planting reaches 92% with 79% emerged and condition at 65% good-excellent. Winter wheat condition sits at 25% good-excellent, the lowest on record. Read →

The 2026 Kansas wheat harvest reached 5% complete as of the latest update, ahead of the five-year average pace. USDA NASS data underpins the progress report for the state. Early harvest activity occurs against a backdrop of challenging crop conditions statewide. Read →

USDA Export Sales report for the week notes 264,000 metric tons of soybeans sold to unknown destinations for 2026/27 marketing year. Corn sales total 103,000 MT, including 40,000 MT to Japan for 2025/26 and 63,000 MT for 2026/27. These new-crop commitments add to export demand signals. Read →

Weekly grain export inspections for week ending June 4 show corn at 1,911,112 metric tons, up year-over-year pace. Soybeans inspected at 398,186 MT and wheat at 319,730 MT. Cumulative corn inspections run 26.8% above last year while soybeans trail. Read →

USDA's latest Crop Progress report shows US corn planting at 97% complete and soybeans at 92%, both ahead of average. Corn condition holds at 67% good-to-excellent while soybean ratings slipped one point to 65%. Winter wheat harvest reached 11% with poor conditions persisting. Read →

Private exporters reported 9.7 million bushels of 2026-27 soybeans to unknown destinations and 4.1 million bushels of corn to Japan split across marketing years. The sales provide modest export support amid ongoing price pressure from ample supply expectations. Read →

USDA data confirms corn planting at 97% and soybeans at 92% complete nationwide. Winter wheat harvest advanced to 11% done while spring wheat planting reached 98%. Strong planting progress supports expectations for large 2026 harvests. Read →

Corn futures fell to 415.67 USd/BU, down 0.44% on the day and 12.54% over the past month. Favorable US Midwest weather and planting near 93% complete boosted supply expectations while disappointing export sales, including limited Chinese buying, weighed on prices. The drop signals ample near-term supply pressuring the market. Read →

July corn futures fell 2.25 cents to $4.2225 per bushel, marking a second straight contract low and down over 67 cents from May highs. Soaking rains across the Corn Belt and weak weekly export sales of 34.8 million bushels fueled fund liquidation of 133,000 contracts over the week. The selloff heads into next week's USDA supply-demand update. Read →

Cotton futures rose above 77 cents per pound, approaching a two-week high. The move follows a technical rebound amid elevated oil prices and India's suspension of its 11% import duty on cotton through October 30 to boost textile supplies. Read →

The FAO Food Price Index averaged 130.8 points in May, down 0.2% from April but up 2.9% year-over-year. Cereals rose 2.6% with wheat up for a fourth month on smaller U.S. harvests and higher fuel/fertilizer costs; sugar jumped 7.5% to its highest since October 2025 on Brazil ethanol diversion and El Niño risks for India/Thailand. Vegetable oils fell 4.6%, offsetting gains. Read →

FAO data showed the index at 130.8 points for May, 0.2% below revised April. Wheat prices rose 3.4% monthly on poor U.S. winter wheat conditions and input costs; maize gained on import demand and tight Brazil/U.S. supplies. Sugar rose 7.5% amid Brazil's lower sugar allocation and supply-tightening concerns. Read →

Cereal prices climbed across wheat, maize, rice due to U.S. harvest shortfalls, energy costs, and demand. Sugar hit 95.1 points, up on Brazil sugarcane shifts to ethanol and potential El Niño impacts on India/Thailand output. The overall index held near multi-year highs despite oil and dairy declines. Read →

Mexico's sugar industry lobbies to eliminate U.S. import quotas and considers an anti-dumping case against U.S. fructose. Export declines have pressured domestic prices, with surplus sold abroad below U.S. levels. Read →