Gary's Blog  08/06/26 1:44:09 PM









8-3-26  Crop ratings G/E  %
            TW       LW       OH
Corn     61      63         61
Beans   63      63        59

8-6-26
Wheat was the downside leader today closing 11 cents lower nearby.  Despite the issues in the black sea US wheat demand is lackluster.  China has yet to come to the table on their 17 billion of non-soybean agricultural goods as well.  Corn and bean technicals held today which was a good sign for market bulls, but we lack the ignition to spur a rally.  A surprise in Wednesday’s report could provide that if yields are adjusted lower.  Weather forecasts remain nonthreatening with the ECB benefiting the most (rain) in the next 7 days. 


8-5-26
The radar is green and the CBOT is red on this early August day.  Corn/beans continue to drop on much better weather while wheat is still trying to gauge black sea tensions.  Key support levels are being tested for the summer row crops.  StoneX released their first yield estimates last night which had some sticker shock to market bulls.  Corn came in at 184.8 while soybeans landed at 53 bpa.  Many were looking for a number in the 180 and 52 range.  The state-by-state breakdown showed the heavy hitters of IA, MN, IL, and IN all in the 200+ category.  Finishing rain could further increase yield which 2-4 weeks ago would have been unheard of. (with all the heat/dryness) The USDA will release their yield estimates Aug 12th

 
8-4-26
Grain markets were in retreat today while the DOW made new record highs.  Traders were quick to erase some weather premiums as crop conditions didn’t fall as far as expected last night. (2% on corn) Yes North Dokata is having some acute problems (37% g/e) but states like IN, IL, and OH are improving.  (offsetting and then some) Iowa is fantastic and could likely set a new record.  Improving rain chances for the WCB (KS & CO especially) appeared to accelerate the selling.  The dog days of summer are here, and crop tours will start soon giving us a better insight into possible yield for the 2026 crop. 



8-3-26
Grains opened lower overnight but were able to manage a reversal in the day session.  China was busy securing beans on the break while chatter of lower yields being possible also had traders buying today.  Weekend rain was spotty but large areas did receive some much-needed moisture.  Crop ratings will be released at 4pm today.  Fridays CFTC report showed funds 100k+ long in corn/beans but that was as of Tuesday.  (There was large liquidation Wed-Fri)  Locally we are possibility sitting on potentially record yields as weather conditions are nearly perfect.  One or two more rains and 2026 might go down in the history books. 

 
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