July WASDE: No fireworks but markets still excited

July WASDE: No fireworks but markets still excited

July 10, 2026 · 28 min · Episode 560

About this episode

The episode discusses the latest WASDE report, highlighting changes in corn, soybean, wheat, and sugar beet markets.

Corn & soy complex U.S. corn ending stocks growing tighter for 2026/27 Less carry-in, more production, and more exports for U.S. soybeans Soybean oil balance sheet unchanged but external factors carrying more weight with prices Wheat U.S. wheat ending stocks decline further by 22 million bushels Wheat crop in the U.S. projected smallest since 1970 at 1.536 million bushels Thankfully, weaker U.S. demand is keeping stocks-to-use ratio declines in check Sugar Beet forecasts lower due to crop development and weather concerns Mexico’s baseline imports set Food deliveries set little higher than expected Host: Michael Caughlan, President & CEOExpert: Eric Thornton, Vice PresidentExpert: Nicole Thomas, Vice President – Information Services

People in this episode

Host: Michael Caughlan

Guests: Eric Thornton, Nicole Thomas

Topics covered

Keywords

Mentioned in this episode

Organizations: U.S., Mexico

Products: corn, soybeans, soybean oil, wheat, sugar beet

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