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Corn and wheat broke below yesterday’s low overnight, a key moving technical benchmark that had capped the downside over the past couple weeks.
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Spotty rains failed to replenish soil moisture in a meaningful way
Record heat, a rare Pacific hurricane triplet, and a wobbly South American monsoon are the latest signs of a historic El Niño, and Nutrien’s Eric Snodgrass says it’s about to squeeze this fall’s harvest window, too.
Grain bulls need a shot of fresh, price-friendly fundamental news soon
But Survey Finds Wide Variation Across Regions
For the first time since June 2024, more farmers expect financial improvement ahead, yet investment intentions dropped in August as producers navigate an environment where ‘returns on large investment aren’t necessarily obvious.’