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Gary's Blog 07/15/26 1:14:44 PM
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7-13-26 Crop ratings G/E %
TW LW OH
Corn 68 67 64
Beans 65 64 63
7-15-26
Wheat soared higher as the fighting between Russia/Ukraine has escalated. Reports of port damage are making headline news which could limit grain shipments out of the area. The last time we saw such news wheat made new all-time highs back in 2022. It’s hard to quantify the damage but funds are hitting the exit door fast on their short positions. Corn and beans got pulled along for the ride both posting solid gains. Corn was able to heal some chart damage by retesting some key resistance levels. Weather forecasts are erratic with the GFS and Euro offering totally different solutions past day 5 in the extended. It’s not too often the two are so far apart. Either way the extreme heat is doing some damage to yield potential in the WCB. How much remains to be seen.
7-14-26
Ukraine/Russia tensions are high causing a bit of scare in the wheat market. The two have traded blows to important agricultural transportation equipment. (causing some to think fertilizer/grain flow will be halted) Corn/beans experienced a pullback as both the morning and midday forecasts offered cooler temperatures in the extended. Crop ratings were raised a point last night in both corn and soybeans. Illinois corn is struggling (below historical avg) while IA, MN, WI are all showing well above average ratings. This suggests trendline or slightly above yields are still possible with good finishing weather. The next few weeks will tell the story.
7-13-26
Market bulls liked the Sunday night forecast as futures jumped higher right out of the gate. Hot and dry is the theme this week with temps hitting mid-upper 90s for most. Nighttime temps are also warmer than desired for pollination. Luckly for those of us in the ECB the heat doesn’t last more than a few days, and we are well watered going into it. The potential for a NW Ohio bin buster is real. Wheat fell victim to profit taking and lost 5 cents. Crop ratings will be released at 4pm today. Bulls need fed daily with weather being the main driver this week.
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