2026 USDA June Crop Report Neutral + U S HRW LOWEST SINCE 1965!Video: 2026 USDA June Crop Report Neutral + U S HRW LOWEST SINCE 1965!
There were no big surprises in the USDA June report as it historically is not a market moving report, but U.S. HRW production was lowered by 18 million bushels. The June USDA crop report was neutral- higher global stocks & South American production offset lower U.S. wheat and higher U.S. corn exports.
Crude oil breaking lower technically on news of a peace deal with Iran.
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Markets pricing in a 2026 U.S. corn yield at 187 bpa with the worst start to June in 50+ years on non-threatening weather that remains a “wild card".
El Nino has arrived according to CPC.
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+ CFTC fund flow.