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Gary's Blog 04/09/26 11:18:06 AM
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4-9-26
REPORT
Carryout (BB)
APRIL Mar
Corn 2.127 2.127
Beans .350 .350
Wheat .938 .931
As expected, the report was a nonevent with both corn and bean carryouts unchanged from March. Wheat saw a slight increase but today has been more focused on the macro side of things. Crude oil is higher as reports of the ceasefire agreement falling apart are being published. Corn and wheat traded lower while soybeans held on to minor gains. US weather forecast are nonthreatening with a combination of warm/wet headed into planting.
4-8-26
A ceasefire was inked late last night before the 8pm deadline which sent grains and oil deep into the red. Oil took the biggest hit in the day session off nearly $20/brl while grains were able to recover somewhat and finish well off session lows. The April crop report will be released tomorrow at noon. US weather looks to warm up heading into the weekend. Those that miss Friday’s rains may be able to get into the fields early next week.
4-7-26
Everyone is waiting to see how Iran will respond to the Presidents threats tonight. The deadline is 8pm for them to open the Strait or else the US will start destroying critical infrastructure. The market (grains/equities) was on pins and needles all day, not really sure how to react yet. Planting progress numbers were ahead of normal with states such as MO, TN, and KY seeing some nice progress. Oil futures continue to climb which have now distanced themselves from the grains. Theres a lot at stake tonight and the world could look different tomorrow morning.
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