Wheat futures drop to one-month low amid bearish WASDE report. Thu, 09 Apr 2026 17:03:42 -0500
July Wheat futures traded moderately lower, posting their lowest close since March 4 and finishing below the 50-day moving average for the first time since late January. The downward pressure was partially driven by an improved weather forecast, with expected rains offering potential relief to parched winter wheat crops. Additionally, the April USDA WASDE report delivered a bearish surprise, reflecting higher-than-expected carryover numbers both domestically and globally. U.S. carryover increased to 938 million bushels, while world carryover reached 283.12 million metric tons, significantly exceeding trade estimates. Though much of the global increase stemmed from India, it underscores a broader trend of shifting consumption. Weekly export sales also landed on the lower end of expectations at 254,300 metric tons.

Soybean futures recovered early losses ahead of WASDE. Wed, 08 Apr 2026 15:49:40 -0500
Virginia McGathey reviews today's grain market action, highlighting a strong recovery in Soybean futures. Led by soybean oil, the market bounced back from a sharp drop at the open, with the May contract finding support after hitting a low of 1140'4 and returning to a four-week sideways pattern. In contrast, Corn futures gapped down under pressure from higher feed and fertilizer costs, as traders remain cautious ahead of tomorrow's WASDE report. Wheat futures also faced downward pressure, breaking below a month-long consolidation pattern and dropping 21 cents on news of a ceasefire with Iran. McGathey details the options open interest changes across the complex, noting a significant addition of 9,000 call options in May wheat.

Wheat futures gain as U.S. crop progress marks 3% corn planted. Tue, 07 Apr 2026 16:44:02 -0500
Grain markets traded mostly weaker today, with May Corn futures settling at 449'0 and May Soybean futures falling 8 1/2 cents to 1158'2. However, Wheat futures bucked the trend, as the main Chicago contract added 2 3/4 cents to settle at 598'6. Traders are closely monitoring the fluid geopolitical situation between the U.S. and Iran, while preparing for Thursday's upcoming WASDE release. Ahead of the report, U.S. ending stocks are estimated at 2.128 billion bushels for corn and 349 million bushels for soybeans. South American production is also in focus, alongside the year's first U.S. crop progress report showing corn planting at 3% complete.

Soybean futures held firm as soybean oil set record longs. Mon, 06 Apr 2026 15:31:42 -0500
Today in the grain markets, Soybean futures traded firm, supported by increasing long positions noted in the commitment of traders and a record long position in soybean oil. May Soybean futures established an 11-cent range, closing up 6'2 on the day while maintaining a steady three-week sideways pattern. Corn futures saw quiet trading with a narrow 4-cent range as market participants adjusted positions ahead of Thursday's USDA report. Meanwhile, Wheat futures faced downward pressure, tracking lower crude prices and hitting 588'4 in the May contract before rebounding. Traders also monitored dry growing areas anticipating late-week precipitation across the wheat belt.

Soybean futures close lower as markets decouple from energy strength. Thu, 02 Apr 2026 16:43:37 -0500
Soybean futures closed moderately lower, fading during the day session despite a continued rally in crude oil. The market is showing signs of decoupling from energy markets and trading more on its own fundamentals, though soybean oil did manage to close near the highs of the day. The recent prospective plantings report showed 84.7 million acres, falling short of the 85.6 million trade expectation. However, surging fertilizer prices are sparking debate that some intended corn acres could shift back to soybeans. Meanwhile, weekly export sales came in at 353,000 metric tons, landing at the lower end of the 300,000 to 700,000 metric ton expectation range.

Wheat futures fell as high stocks offset century-low acreage. Wed, 01 Apr 2026 15:55:47 -0500
Soybean, Corn, and Wheat futures faced downward pressure as traders digested mixed fundamental data from the USDA. Soybean futures remained locked in a sideways pattern despite a 10% year-over-year increase in stocks. Corn futures saw steady declines throughout the week, influenced by planting estimates that exceeded expectations but remained lower than the previous year. Meanwhile, Wheat futures experienced the most significant volatility, dropping below the $6 support level as the market weighed five-year high U.S. stock levels against the lowest acreage reported in a century. Option open interest and CVOL metrics also showed shifting positioning across the grain complex heading into the holiday weekend.

Soybean futures rally as acreage intentions miss estimates by 850,000. Tue, 31 Mar 2026 15:26:48 -0500
The latest USDA quarterly stocks and acreage report drove a broad rally across grain markets to close the month and quarter. Soybean futures gained notably after planting intentions came in 850,000 acres below analyst expectations at 84.7 million. Conversely, corn planting intentions surprised to the upside, posting 95.338 million acres, which is roughly 1 million above average estimates. On the supply side, quarterly corn stocks missed expectations at 9.024 billion bushels, while soybean stocks came in above estimates at 2.067 billion. Wheat acreage and stock estimates largely aligned with or fell slightly below expectations, keeping May Chicago Wheat futures supported at 616'2 to close the month.

Soybean futures gain on EPA standards while Corn futures dip. Mon, 30 Mar 2026 15:26:55 -0500
Virginia McGathey breaks down the latest moves in the grain markets. Soybean futures found support from the EPA increasing renewable fuel standards, keeping prices in a two-week sideways pattern. Meanwhile, Corn futures traded lower as a rising U.S. dollar and expectations of record USDA inventories weighed on prices, though they managed to bounce off key support levels. Wheat futures remained firm despite expectations of a five-year high in stocks, driven by forecasts of limited rain over hard red winter wheat areas. Market participants are closely monitoring tomorrow's USDA report for further direction.

Corn futures slide ahead of quarterly planting report. Fri, 27 Mar 2026 16:19:15 -0500
Oliver Sloup breaks down the grain markets, noting weaker closes for May Corn futures and Soybean futures to end the week. Despite the softer price action, export sales were strong across the board, with soybeans and meal exceeding the top end of estimates. Sloup also previews the upcoming quarterly stocks and planting intentions report, highlighting the 94.3 million acre average estimate for corn and the historical 50/50 split on actuals versus estimates over the last decade.

Corn and Wheat futures higher as traders await USDA data. Wed, 25 Mar 2026 14:29:43 -0500
Virginia McGathey discusses the current state of the grain markets as traders navigate geopolitical delays and upcoming government data. Soybean futures remained largely sideways as Middle East conflicts stalled talks with China, while implied volatility in Soybean Oil futures surpassed 40% for the first time in several months. Corn futures found support from firm ethanol production, though market participants shifted focus toward the upcoming planting intentions report. In the options market, a notable move toward the put side was observed in Corn futures with 3,300 puts added. Meanwhile, Wheat futures received a boost as investors utilized commodities as an inflation hedge despite plentiful global supplies. Market attention remains centered on the USDA planting intentions report scheduled for next Tuesday.