News & Publications
April 6, 2026 |
When will grain markets lose the geopolitical premium?
Ag Marketing IQ: Global unrest and inflationary pressures add complexity to corn and soybean prices, with markets showing both resilience and resistance. Watch crude oil charts.
In the wake of USDA's Prospective Plantings report, one thing is abundantly clear: global geopolitical unrest continues to trump the fundamentals. And the funds know it.
The headline numbers were notable for what they were not: dramatically different. The common thread running through USDA’s corn, soybean, and wheat numbers? Far less dramatic change than the market had braced for.
Corn effectively handed about 3.5 million acres directly to soybeans, almost exactly as many had anticipated. Corn production came in at barely over 9 billion bushels, modestly below the pre-report expectation of 9.1 billion bushels, and that slight production miss likely contributed to corn's ability to hold its ground on what could have been a rough day.
