Grain Marketing Education, News & Strategies

World Free-On-Board Grain & Oilseed Prices for June 6, 2026

It's our weekly U.S. grain market analysis and outlook for corn, soybeans and wheat, including traders positioning, basis bids tracking, crush margins, weekly news wrap-up and comments. The Dow Jones Index settled on Friday at 50,867, -166 points for the week. Crude oil settled at $90.25, +2.49. Dollar Index settled at 100.07, +1.13. Baltic Dry Index (a shipping freight-cost index) settled at 2,981, -243. Corn July futures settled at $4.17½, -29¼¢ for the week. December corn

Tidbits Brazilian AgrInvest Commodities reported on 6 June: The recent highlight is the change in the exchange rate, which has gained momentum and become the main variable of attention. The appreciation of the dollar improves export parity and may limit further declines in the domestic market, especially if combined with possible reactions in Chicago, firmer oil prices, or weather risks in the US. Thus, although the current scenario is still one of adjustment, the market is o

Tidbits The CBOT weakness this past week was a rough one to handle, but once the crop is planted, the price outlook in June is always about weather. The past seven days of weather forecasts included plenty of rain for the Corn Belt. We report to you the number of days with rain in the forecast for the next ten days for 12 locations across the Corn Belt. If all 12 locations expected rain in the ten-day forecast, the number of rain days would be 120! On 27 May, the number of ra

The most common length of reversal in the markets is between 50% and 62 %, yet the continuation corn chart has thus far retraced about 75% of the entire rally. 78% is close to the largest Fibonacci pullback level in the grain markets, historically, unless corn is trading down to test the low of this leg at around 392.0 lows. Wheat History: At 770 million tons, wheat is the world’s fifth largest agricultural product. Wheat is a foundational crop in human history, dating back t

Tidbits Flash Sale: Yesterday, the USDA announced the sale of 115,000 mts of new crop corn to Colombia. Biofuel: The American Fuel & Petrochemical Manufacturers (AFPM) filed a lawsuit Friday in the D.C. Circuit court challenging the 2026-2027 Renewable Fuel Standard (RFS) volumes finalized by the EPA in March. The AFPM claims EPA’s “Set 2 rule” is the largest and most expensive RFS iteration in history and is the single most expensive regulation of President Trump’s second te

Tidbits New ‌World screwworm ​has been found and confirmed in a ​calf ​in Texas, the ‌USDA said ​on ​Wednesday ⁠evening, exposing ​the ​nation's ⁠cattle herd to ⁠a ​serious ​new threat. That screw worm contributed to yesterday’s late weakness in corn. The U.S. typically imports over a million cattle from Mexico every year. The import suspension contributed to rising beef prices by tightening the supply of beef cattle. An expansive U.S. outbreak would further tighten the suppl

Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn, soybeans and wheat (Soft Red Winter, Hard Red Winter & Spring), also for inputs like fuel and fertilizer for past week Wednesday to Tuesday. Read about our approach to this report. We provide three different marketing plans (in order of decreasing our preference). The marketing decision is yours to make, obviously you can mix those plans, change the s

Tidbits Tariffs & Trade: The Trump administration on Tuesday proposed imposing additional duties of 10% or ​12.5% on imports from 60 economies after determining their failures to curb trade in ‌goods made with forced labor are unreasonable and restrict U.S. commerce. The proposal from the U.S. Trade Representative's office is the latest finding from a Section 301 unfair trade practices investigation to be released as the Trump administration seeks to ​rebuild its emergency ta

Tidbits Equipment: EPA Administrator Lee Zeldin vowed to dismantle standard federal mandates on Diesel Exhaust Fluid (DEF) systems. Zeldin was speaking Saturday at an agricultural roundtable with Oklahoma farmers and ranchers emphasizing that current protocols are threatening farm survival during peak operating windows. Zeldin stated following the meeting: “When a tractor goes down in the middle of a harvest, it results in lost time and lost money, great frustration. When it’

Tidbits Renewable fuel credits for 2026 hit record levels on Thursday and continued their run on Friday, driven by stronger Environmental Protection ​Agency biofuel mandates and widening price gaps between biodiesel and conventional diesel. Credits ‌tied to biodiesel and renewable diesel blending, known as D4 ⁠Renewable Identification Numbers (RINs), rose to a record $2.32 on Friday. Before the EPA's mandates were announced on March 27, they ​were trading at around $1.50. T

It's our weekly U.S. grain market analysis and outlook for corn, soybeans and wheat, including traders positioning, basis bids tracking, crush margins, weekly news wrap-up and comments. The Dow Jones Index settled on Friday at 51,032, +453 points for the week. Crude oil settled at $87.76, -8.84. Dollar Index settled at 98.94, -0.38. Baltic Dry Index (a shipping freight-cost index) settled at 3,224, +233. Corn July futures settled at $4.46¾, -16½¢ for the week. December corn s

Tidbits Farm bankruptcies hit a six-year high in April, showing growing financial stress. During the month of April, 62 Chapter-12 bankruptcies were filed, which is a 130% jump from April 2025 and the highest monthly total since February 2020. Chapter 12 bankruptcy is a specialized legal framework designed specifically for "family farmers" or "family fishermen". It allows financially distressed agricultural producers to reorganize their debts and avoid liquidation, offering a

Corn has corrected/backfilled 44% of the entire up move from last August, and price has penetrated/closed below the number 1 high of 453.0. This price action suggests corn is retracing the whole rally from number 1, not a smaller correction from number 4. If buyers do not return quickly, then we may be in a longer term backfill (weeks). As we all know, anything can happen in these grain markets. The E wave could be the A of a double 3 (A-B-C-X-A-B-C) What if the bulls come in

Tidbits As we recently stated, corn and bean futures decline after the market gets comfortable that those crops will get planted. It is highly probable corn, beans, and wheat will see a gain 50% to 62% of what they have lost since 13 May. That is the standard technical retracement and profit-taking. The longest sunlight day of the year for the Corn Belt is three weeks from Monday. Soil moisture disappears very fast with 16 to 17 hours of daylight and warm to hot day time temp

Tidbits National Weather Service 6 to 10 and 8 to 14 day forecasts predict much above normal temperatures with normal rainfall for the northern half of the U.S., as of last evening. China expects El Niño weather effects to peak in autumn and winter this year, before weakening in spring next year. Iran: A tentative 60-day ‘memorandum of understanding’ has been reached to extend the ceasefire and initiate nuclear negotiations with Iran, pending approval from President Trump. U.

Tidbits December corn closed below its key technical support level of $4.80¼ yesterday. We discussed this technical situation on Tuesday when we stated December corn was no longer in an uptrend but was in a sideways trading range until it either traded above $5.06½ or below $4.80¼. Yesterday’s settlement was $4.77½. December corn is now in a down trend using the technical analysis system of higher highs and higher lows versus lower highs and lower lows. Barchart.com’s 13 tech

Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn, soybeans and wheat (Soft Red Winter, Hard Red Winter & Spring), also for inputs like fuel and fertilizer for past week Wednesday to Tuesday. Read about our approach to this report. We provide three different marketing plans (in order of decreasing our preference). The marketing decision is yours to make, obviously you can mix those plans, change the s

Tidbits Soybeans: Gaurav Kochar is a trader of cash commodities based in India. He reported yesterday a major shift in the world soybean market as India cancelled 25,000 mts of soymeal export contracts and bought 80,000 mts of soybean to import from Africa. It was 5 years ago the last time India imported soybeans. While India is not a big player in the world soybean market, when any world market player goes from an exporter to an importer, it changes the market significantly.

Tidbits Iran's Foreign Ministry issued a statement early yesterday morning officially confirming that no Iranian nuclear commitments and uranium handover exist or will exist in any draft agreement with the U.S., calling all reports that claim otherwise a "pure lie," making further talks pointless due to the U.S. insistence on this issue. The statement declares they are not signing any agreement with the U.S.; no one can claim we are close to reaching an agreement. Iran sepa