Closing Comments July 2, 2026
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Wheat Weekly Comments July 2
To start the week wheat opened the session higher but turned to trade mixed by the end of the night session. Mpls were higher, KC steady, and Chicago lower. Heavy selling gripped wheat once the day session started with the winter wheat seeing the brunt of the selling early in the session, but Mpls caught […]
Corn Weekly Comments July 2
In Monday’s session corn opened lower and extended session losses throughout the day. Early selling was tied to the rolling of July positions into deferred contracts. Light selling was also tied to good growing conditions and the expectation that the crop rating will improve this past week. The funds continue to push corn lower, adding […]
Soybean Weekly Comments July 2
To start the week, soybeans were lower overnight and added to the losses in the day session to close solidly lower. Pressure came from positioning ahead of Tuesday’s report as soybean acres are expected to be higher than USDA’s previous estimates. Traders were also positioning ahead of end of month and end of quarter. Ongoing […]
Canola/Sunflower Weekly Comments July 2
To start the week canola traded on both sides of unchanged in a very choppy session and closed mixed with gains in the front month July contract and losses in the deferred contracts. Early gains spillover over from the higher crude oil market but as the soybean complex lost ground in the day session, it […]
Cattle Weekly Comments July 2
The cattle markets struggled this week, posting losses in the first three sessions of the short week. Profit taking and position squaring ahead of end of month and end of quarter combined with position squaring ahead of the long weekend. A light cash trade added pressure as everyone is sitting on their hands to see […]
Export Sales Report July 2
Last week’s wheat export sales pace was estimated at 11.0 MB. After 4 weeks, wheat sales were at 27% of USDA’s expectations vs. 29% last year. With 48 weeks left in wheat’s export marketing year, sales need to average 11.7 MB to make USDA’s projection of 775 MB. Last week’s corn export sales pace was […]
Export Sales Report July 2
Last week’s wheat export sales pace was estimated at 11.0 MB. After 4 weeks, wheat sales were at 27% of USDA’s expectations vs. 29% last year. With 48 weeks left in wheat’s export marketing year, sales need to average 11.7 MB to make USDA’s projection of 775 MB. Last week’s corn export sales pace was […]
Farm Risk Management July 02, 2026
Opening Comments July 2, 2026
MARTINSON AG OPENING COMMENTS JULY 02, 2026 Happy Thursday. Today is the last trading session for the week. The markets will be closed Thursday night and Friday in observance of the 4th of July Holiday. Regular trading will resume at 7 PM Sunday July 5. Canola will trade tomorrow. USDA’s July Crop Production and […]