With the USDA’s WASDE report due later in the day, traders are closely monitoring supply forecasts and global trade flows. Here's how wheat, corn, and soybean futures are positioned at the start of Tuesday’s session and the broader factors shaping today's market.
Weak demand, expanding global supplies, and macroeconomic concerns continue to weigh on prices, despite pockets of support from fund activity and ethanol demand.
Last week, futures saw mixed movement as traders assessed the latest export data, geopolitical shifts, and weather forecasts influencing global grain supplies.
The global grain and oilseed markets experienced significant volatility this week, driven by geopolitical tensions, trade disruptions, and evolving weather conditions across key growing regions.
Global grain markets face volatility as China redirects wheat imports, Brazil’s soybean harvest lags, and Argentina battles drought. Meanwhile, shifting trade policies, fluctuating export data, and evolving weather conditions continue to shape supply and demand across wheat, corn, and soybean markets.
China has halted the import of 600,000 tons of wheat, mostly from Australia, which has been offered to other buyers due to high domestic supply and reduced demand.
