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Gary's Blog 09/01/26 12:59:55 PM
8-24-26 Crop ratings G/E %
TW LW OH
Corn 57 60 61
Beans 60 13 58
9-1-26
The rally shows no signs of slowing down with all three posting new contract highs. Soybeans led the charge today as China is still activity seeking US beans. RINs/SRE credits are also making headlines with large refiners expecting to pick up the slack. (more soy oil) War threats between Russia/Ukraine are heating up which has been a bullish catalyst for the wheat market. New fund money is piling into grains with no signs of slowing. A pull/correction at this point would be healthy (long term) for the market. A 3-day weekend is looming followed by an important USDA report on the 11th. This has been a large counter seasonal move by the trade.
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