West Central Ag Grain Comments 07/27/26 8:15:17 AM
7/27/26
- Good morning. The selling seen in the wheat markets Friday has permeated throughout the rest of the space to get Monday morning trade started, as the CBOT is seeing a somewhat surprising sell-off to get the week started. While a pause in military action in the Middle East is a positive and there had no doubt been war premium injected over the last several days, there still exists at least some level of concern regarding Midwest crops/weather and optimism surrounding Chinese demand that, in our opinion, should limit the selling to more of a corrective event as opposed to an all out change in trend. We mentioned the plethora of bullish items that are on the table for traders last week, and those didn't just disappear this morning. Should the correction continue, look for open chart gaps made early last week in the corn and soybean markets to be downside objectives this week.
Corn futures to start Monday are trading 14-15 cents lower, soybean futures are trading 30-35 cents lower, and the Chicago wheat market is trading 10-11 cents lower.
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