Wheat
Wheat futures briefly hit a three-month high before retreating as the markets wait for word on whether the deal will actually happen.
Higher domestic rail tariffs and mixed capacity shifts will influence grain movement this harvest. Strong corn exports provide momentum, but logistics costs remain a critical factor.
The Final Grain Stocks Report may be the last key figures we see if a government shutdown halts future updates.
Strong corn exports are anchoring U.S. trade, while soybean sales remain steady, but shipments lag.
Waiting could risk leaving next year’s crop unprotected.
China is making strategic moves by purchasing more soybeans from Argentina and may soon follow the EU and reopen its market to Brazilian chicken exports.
Farmers should watch for soybean export rebounds with harvest, while corn and wheat shipments remain strong and sorghum demand struggles.
Corn and beef exports showed strong momentum, cotton sales surged, and soybean sales held steady, though China remains absent from the U.S. market.
Harvested acres are estimated at 90.0 million, making this year’s corn crop one of the largest since the 1930s.
China has been largely absent from U.S. markets lately, but not when it comes to cotton. It’s a buy that, traders say, isn’t surprising given China’s limitations.
Varying Results Across The State And Even The Same Field
“South central Kansas is really behind schedule...”
Today, the Breugmans grow wheat, canola, and hay and raise cattle in their century-old ranching operation in Grangeville, Idaho.
