26/27 U.S. Corn Stocks to Use Ratio at 9.7% = $6.00/bu + China “wildcard”

[AgrivilleAdmin]

A 26/27 U.S. corn stocks to use ratio below 10% is the line in the sand to take corn futures much higher. Add Chinese demand and we have fireworks.

According to Npaa, July was record hot in the U.S. now the summer and September is on track to be record hot s well.

The Canadian Prairies on the other hand are getting too much moisture at the wrong time harvest 2026.

Failed peace talks over Ukraine/Russia did not help wheat futures, but USDA and markets have yet to price in the Black Sea issues.

Crude oil and inflation remain elevated and now investors think the U.S. Fed will raise rates next week + China soybean/corn tracker and a CFTC update.

[shtferbrains]

Possible higher feed grain prices will ease a bit of the pain on the wet harvest here?
How does $6 USD corn relate to feed wheat price?
China feeds a lot of wheat to pigs?