George Brett had a game-winning home run nullified in the “Pine Tar Incident” on this day of what year?
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Grain Market Insight
Afternoon Grain Comments 7-24-2026 – It was a brutal day for wheat today after rallying Tuesday and Wednesday. The StoneX afternoon grain comments stated “While the US-Iran conflict dominates the energy sector, the Russia-Ukraine conflict dominates the grain markets, as headlines steered the markets in unison while rumors and counter-rumors circulated. Late in the night session and early in the day session, a relatively detailed story claimed that Ukraine and Russia were two possible solutions to the current stall in ocean-bound grain trade. The first solution requires ships to announce their registration and approved affiliations, which would be allowed to enter port without risk of attack. The list of approved countries would be short and would likely include China, India, and several Arab nations. The second option rumored was a temporary ceasefire window of 2 to three days, allowing vessels to enter and leave the ports. The market was awash with selling across the board, with few markets untouched. Wheat took the greatest hit and was pressed almost 40 cents lower. By 9:00 am Chicago time, there began a Quasi-Denial from Ukraine’s Minister of Agrarian Policy, who said that no meeting between Russia and Ukraine was upcoming nor agreements regarding separate mechanisms for vessels being made. The market forces reversed and bounced higher. Wheat didn’t recover all of its losses, as qualifiers in the denial, left doubt that the first rumor was a flat lie.” At the close today cash wheat was 15 cents lower, corn and milo were even with Thursday’s closes, and soybeans ended the day a dime lower. For the week, wheat was up 13 cents, corn and milo were 19 cents higher, and soybeans were 51 cents higher. Have a great weekend.
Morning Grain Comments 7-24-2026 – Oh my! When I left the house to come to the office this morning wheat had was back to single digits higher after being nearly 18 cents higher during the night session. Thirty minutes later when I got to the office, wheat was below yesterday’s closes. StoneX reported that a news release from Russia that claimed attacks on Ukraine ports, stating they hit infrastructure that was supportive to military operations there. The StoneX Quick Editorial (QE) this morning stated, “soybeans are holding onto gains this morning while corn and wheat retreat a bit, but most of the complex carved out new move highs over-night; crude is taking profits despite war risk only increasing on both fronts…” At the end of the night session at 7:45 this morning Kansas City September wheat was 19.5 cents lower, Chicago September corn was 5.5 cents lower, and Chicago September soybeans were 3.5 cents lower. Have a wonderful day and weekend.
Grain Market Insight updates next week - The writer of the morning and afternoon comments over the past 6 months is going to be out of the area next week and will update Grain Market Insight as possible but not necessarily with the same rhythm that you are used to. Thank you for ready Grain Market Insight.
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