Name one of the two South American countries that do not share a border with Brazil...
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Grain Market Insight
Afternoon Grain Comments 5-29-2026 – The grain markets were lower today as the weather forecast continues to look favorable for good fall crops and optimism that a deal with Iran seems more and more likely. The StoneX comment this afternoon stated “As part of the agreement, the US lifts the naval blockade, and Iran opens up the SOH to normal traffic without fees. How this will be enforced or whether Iran will act in good faith is what keeps the energy market from falling by double digits.” There was an interesting comment this afternoon about the big wheat cancellation in the export sales report this morning which looked to me just got rolled over into next year but some seem to think it is a bigger deal than I do. At the close today cash wheat was 15 cents lower, corn and milo were down 4 cents even with the basis improvement, and soybeans ended the day 8 cents lower. For the end of the week wheat was down 32 cents, corn and milo were 11 cents lower, and soybeans were a dime lower. For the end of the month, wheat was 44 cents lower, corn and milo were 23 cents lower, and soybeans dropped 9 cents from the end of April. Have a great weekend.
Morning Grain Comments 5-29-2026 – We have a basis change on old crop corn and old crop milo this morning. The grain markets were mixed overnight with wheat and corn lower and soybeans higher, riding the wave of enthusiasm for biodiesel. The StoneX Quick Editorial (QE) this morning stated, “most of the grains are looking to round out at least some type of bottom today, save for KC wheat which hit a fresh one-plus month low overnight (along with crude oil, on at least some type of Iran war optimism); meanwhile, bean oil is back to contract highs and near multi-year spot highs as strong demand has the soy complex needing a robust crop again in 2026…” The holiday delayed export sales report this morning showed 40 million bushels of old crop corn sales which was near the lower end of the pre-report trade estimates and 24.4 million bushels of new crop corn sales which was a bit above the upper end of the trade estimates. There were 11 million bushels of old crop soybean sales and 5.1 million new crop sales. There were 29.7 million bushels of old crop wheat cancellations and 38.9 million bushels of new crop sales so they probably pushed the cancellations into the next crop year which starts July 1 for wheat. There were 2.6 million bushels of milo sales in the report. There wasn’t much of a reaction in the markets to the export sales report in the last 15 minutes of the session. In world grain trade news, grain importers in the Philippines purchased 2.2 million bushels of feed wheat from Australia and the AG Minister in Russia stated that they expect to export 1.8 billion bushels of wheat in this marketing year. At the end of the night session at 7:45 this morning Kansas City July wheat was 5 cents lower, Chicago July corn was down 2.75 cents, and Chicago July soybeans were 3.75 cents higher. Have a wonderful day and weekend.
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"Thousands of candles can be lighted from a single candle, and the life of the candle will not be shortened. Happiness never decreases by being shared."
~
Buddha, (563-483 BC) Indian mystic, founder of Buddhism
May 29 A little rain shower in the morning gave us about 0.1 inch of rain. ? May 27 and 28 Rain during the day and overnight gave us 2.9 inches.
May 26 An evening rain gave us 0.15 inch of rain in Sublette.?
May 21 A late evening thunder storm gave us 0.3 inch of rain in Sublette.
May 6 Another misty rainy day with 0.1 inch in the gage in Sublette.
April 26 A misty rain this morning but not much in the gage.
April 10 Rain in Sublette during the early morning hours gave us 0.35 inch of moisture.
January 19 Another snow, maybe 1.5 to 2 inches received in Sublette.
January 9, 2026 A snow during the day and into the evening gave us about 5 inches of snow.
December 28 A late morning snowshower lasted about an hour with no accumulation.
November 23 An afternoon thunderstorm gave us 0.25 inch of rain in Sublette.
November 20 & 21 The rain started late morning and into the night and early morning hours of Friday giving us 0.9 inch of rain in Sublette.October 28 Early morning rain showers gave us another 0.3 to 0.4 inch of rain in Sublette.
