Your Pro Farmer newsletter (July 11, 2026) is now available.

Corn and soy complex futures kicked off the week with a bang as traders returned from the Fourth of July holiday. Forecasts for hot, dry weather over the Corn Belt saw a rebuilding of a weather premium, while favorable remarks on U.S.-China agricultural trade from Beijing – alongside renewed Chinese purchases of U.S. soybeans – bolstered buying interest. Corn and soybeans gave back a chunk of early-week gains after running into technical resistance. Wheat futures took over leadership of the grain complex late in the week, boosted by talk Russian wheat exports may be curtailed due to Ukrainian attacks on oil tankers in the Azov Sea. Cattle futures saw heavy selling, with cash under heavy pressure amid light trade. Hog futures were buoyed by fundamental strength in products, particularly bellies. We cover all of this and more in this week’s newsletter.