China Boosts Wheat Imports as Pork Imports Plunge
🇨🇳China's grain imports in the first four months of 2026 were up from the same period last year, especially in wheat. Meanwhile, pork imports fell 30% amid strong domestic output. Soybean imports were up 8% year-on-year but below the period's 5-year average. https://t.co/Q4E5t30S1O
Winter Wheat Quality Hits 30-Year Low, Corn Soy Planting Ahead
🇺🇸U.S. winter wheat conditions unexpectedly dropped to 28% good-to-excellent as of Sunday, the date's lowest reading in 30 years. U.S. corn and soybean planting remained ahead of average pace, with progress slightly topping analyst expectations. https://t.co/srKI4PJvha
USDA Confirms 380k Tons to Mexico, 128k to South Korea
USDA confirms the following U.S. corn export sales: ▪️380,000 metric tons to Mexico (220kt in 2025/26 and 160kt in 2026/27) ▪️128,000 tons to South Korea in 2025/26
Corn Bets May Be More Vulnerable than Soy
🔥Speculators built record bullish bets across U.S. grains & oilseeds in the first week of May, anchored by massive net longs in corn and soybeans. But which of those positions looks more vulnerable right now? I break this down in my...
Brazil Sets Record Soy Exports to China Amid Chinese Shortfall
🇨🇳China's soybean imports fell short of expectations again last month, but an armada of Brazilian soybeans is charging across the Atlantic. 🇧🇷Brazil exported more soybeans in April than in any month on record, with most of them destined for China. https://t.co/rLkRDdvjst
2026/27 Wheat Stocks Uncertain,
🌾The world's wheat cushion for 2026/27 is still largely uncertain. Current analyst scenarios span a 16.5-million-ton range in ending stocks for the upcoming marketing year, a reminder that global food systems remain highly sensitive to production and demand trends. https://t.co/C3rbIt4bHj
Brazil Hits Record Soybean Exports, China Takes 69%
🇧🇷Brazil exported 16.7 million metric tons (615 mbu) of soybeans in April, a new all-time record. Brazil exported a record 40 mmt (1.48 bbu) in the first four months of 2026. Top destinations by share: 🇨🇳China 69% 🇪🇺EU 8% 🇹🇷Turkey 4% 🇹🇭Thailand 3% https://t.co/YKBbfHBknk
U.S. Urea Imports Soar to Record, Russia Leads Supply
🇺🇸U.S. imports of urea, a nitrogen fertilizer heavily used in farming, hit an all-time high in March 2026. The shipments were valued at $576 million. Q1 2026 imports were up 15% on the year. Top Q1 suppliers by volume: 🇷🇺Russia 30% 🇶🇦Qatar 25% 🇴🇲Oman...
US Corn Exports Beat Averages; Soybeans Hit Year Low
🇺🇸U.S. corn export sales last week were modest vs expectations but well above weekly averages. Soybean sales were a marketing year low. Old-crop wheat sales missed, but new crop (188kt) met estimates of between 0-250kt. https://t.co/sGX9kRW1Cn
Ethanol Production Slows, Stocks Hit Record Levels
🇺🇸Last week's U.S. ethanol production was relatively muted for a third straight week, though still in line with seasonal trends. Despite lighter output, ethanol stocks reached a May 1 record, surpassing pandemic-elevated 2020 levels. Bit of a slip in demand. https://t.co/rGJ2JTZhLk
Winter Wheat Looks Better, Yet Poor Conditions Rise
🌾U.S. winter wheat conditions improved this week - but did they? The share in good/excellent shape went up 1 point, but poor/very poor added 2 points. The top 3 states (54% of acres) saw a net expansion in the poor/very poor share,...
Record Net Long in U.S. Grains, Corn Share Diverges
📈Funds ended April with a record net long for the date across U.S. grains & oilseeds, edging past 2021 and 2022. However, corn’s share looks different this time. I cover this, plus updated U.S. soybean crush pace and more, in my...
China Still Dominates US Soybean Exports Despite Low Volumes
🇺🇸🇨🇳Even though China.... ✔️Didn't start buying until late October ✔️Has secured the smallest U.S. tonnage in 19 years .... it's still by FAR the leading destination for U.S. soybean exports so far in 2025/26, a reminder of how hard China is to replace...
USDA Sells 148,240 Tons of Corn to Undis
USDA confirms the sale of 148,240 metric tons of U.S. corn for delivery to unknown destinations. 78,240 is for 2025/26 and 70,000 is for 2026/27.
Ethanol Beats Gasoline by 23% After Energy Adjustment
⛽️Ethanol is much cheaper than gasoline. Even after adjusting for its lower energy content, it was 23% cheaper than gasoline as of Wednesday, the biggest gap in data back to 2007. That helps explain why demand has held up, though summer driving...