Core Insights - The Chicago futures market for corn, wheat, and soybeans showed mixed price movements on August 26, with corn prices declining while wheat and soybean prices increased [1] Price Movements - The most active December corn contract closed at $4.10 per bushel, down 2.75 cents or 0.67% from the previous trading day [1] - The December wheat contract closed at $5.32 per bushel, up 2 cents or 0.38% from the previous trading day [1] - The November soybean contract closed at $10.50 per bushel, up 1.75 cents or 0.17% from the previous trading day [1] Market Dynamics - The increase in U.S. wheat prices is attributed to a decline in the global spot wheat market, with expectations that a seasonal bottom in the world wheat market may not occur until mid-September [1] - Due to large supply volumes in the U.S. and globally, corn and soybean futures prices are experiencing declines, with an expected increase in global corn export supply by 71 to 74 million tons this year [1] - The market is currently seeking demand as corn-exporting countries have ample supply [1] Weather Impact - Weather forecasts indicate heavy rain will sweep across the U.S. plains and delta regions over the next five days, moving northward to the western Midwest [1] - After September 3, the probability of rainfall in the eastern Midwest is expected to increase, signaling the arrival of autumn in the central U.S. [1]
【环球财经】芝加哥农产品期价26日涨跌不一