1D3X Media Hub

• Corn and wheat futures edged lower amid mixed technical selling and weather concerns; soybean futures declined on fund selling despite export optimism from China.

• Soybean export sales for new crop remain strong, led by unknown destinations and China, signaling potential increased demand from Beijing.

• Ukraine's grain export prospects face pressure from intensified Russian attacks on Black Sea ports, threatening to reduce exports by up to one-third.

• U.S. corn futures slipped 2-3/4 cents to $4.07 for July delivery, pressured by fund and technical selling and weather-related crop development delays.

• Wheat futures showed minor declines, with Chicago SRW down a cent to $5.85 3/4 and Kansas City HRW slightly higher by 0.25 cents, reflecting mixed market sentiment.

• Export inspections for U.S. grains were down weekly but remain above USDA projections, mainly driven by shipments to Mexico and China.

• Ukraine exported 25 million tons of grain this season, with corn accounting for 14.24 million tons and wheat 9.9 million tons, though export capacity is threatened by port disruptions.

• Soybean futures fell 6 1/4 cents to $11.08 3/4 on mixed technical factors despite talk of increased Chinese demand.

• Soybean meal prices were mixed but generally consolidating; soybean oil declined 113 points to 69.46 cents.

• Brazil’s June soybean exports estimated at 15.21 million tons, slightly below expectations, while EU soybean crushing is expected to decline due to shifting processing capacity toward rapeseed and sunflower.

• Weather remains a key factor putting pressure on corn and soybean development in the U.S., with cooler and wetter conditions slowing crop progress but forecasts turning warmer next week.

• U.S. corn acreage may have declined slightly due to rising fertilizer costs linked to geopolitical tensions, but spring price rallies helped retain some corn planting.

• Black Sea grain exports face uncertainty as Russian attacks damage key Ukrainian port facilities, including vegetable oil storage tanks at Pivdennyi, impacting export logistics.

• Turkey’s duty-free import quota for Ukrainian corn is only 63% utilized, indicating subdued demand despite available quota.

• Brazil continues steady growth in corn and soybean production outlooks, supporting global supply expectations for 2027.

• India’s sugar export ban until September and El Niño weather patterns are influencing regional crop prospects and global oilseed markets.