Grain Markets and Other Stuff
Grain Markets and Other Stuff
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Corn Prices GAP Higher on ZERO RAIN Forecast

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July 13, 2026

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๐ŸŒฝ Grain Markets Surge Overnight ๐ŸŒพ Corn, soybean, and wheat futures opened sharply higher Sunday night on a combustible mix of weather worries and geopolitical shocks. โ˜€๏ธ The US Corn Belt faces a dry, hot week ahead, adding fuel to the rally even as some early selling emerged this morning.

โš”๏ธ Black Sea Conflict Escalates ๐Ÿšข Ukraine and Russia traded attacks on key grain export regions, disrupting shipping through the Sea of Azov and prompting closures of the Don-Azov Channel and Kerch Strait. ๐ŸŒพ Russia also struck Ukraine's major export ports of Odesa, Chornomorsk, and Izmail, stoking fears over Black Sea grain flow.

๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡ฎ๐Ÿ‡ท Middle East Tensions Boil Over ๐Ÿ›ข๏ธ The US launched a third round of strikes on Iran over the weekend, triggering Iranian missile and drone retaliation against American allies. ๐Ÿšซ Iran has declared the Strait of Hormuz closed, and shipping traffic there was nearly nonexistent Sunday despite US claims it remains open.

๐Ÿ“Š USDA Report Shakes Up Stocks ๐Ÿ“‰ Friday's USDA update slashed 2026/27 corn ending stocks estimates well below expectations and projected the smallest US wheat harvest in 56 years. ๐ŸŒฑ Soybean stocks held steady but still missed trade estimates, while soybean production got a bump.

๐Ÿ’ฐ Funds Turn Bullish ๐Ÿ“ˆ The latest CFTC Commitment of Traders report showed large money managers net buying 52k corn, 31k soybean, and 7k SRW wheat contracts last week. ๐Ÿ‚ It's a clear signal that speculative money is leaning bullish across the grain complex.

๐Ÿ‡จ๐Ÿ‡ณ China Keeps Buying US Soybeans ๐Ÿ›ณ๏ธ USDA confirmed another 264,000mt soybean sale to China for 2026/2027 delivery, adding to last week's 736,000mt in flash sales. ๐ŸŒฑ The steady demand is a bright spot for US soybean exports.

๐Ÿ–ฅ๏ธ AI Data Centers vs. Farmland ๐Ÿšœ The booming AI data center industry is competing with agriculture for land, water, and power, sparking concern among farmers and ranchers. โš–๏ธ Roughly two dozen states are now weighing legislation to regulate or limit new data center development on farmland.

Guests & Subjects Covered

Grain Markets Surge OvernightThe US Corn BeltBlack Sea Conflict EscalatesDon-Azov ChannelKerch StraitOdesa ChornomorskBlack SeaThe US

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