Hogs recover off of Friday's lows

It was anticipated for there to be a reduction in processing or production capacity sooner, than later. Either would have helped to curtail the continual bidding higher to make sure inventory wound up at your place and not your competitor.  Unfortunately, this step by the President undercuts both production and processing, at the same time.

Crop Progress - 2026-05-11

Crude oil prices are actually bullish for the grain markets. Grain traders should soon start to realize that.

Soybeans are trading with 5 to 7 cent gains at midday. The cmdtyView national average Cash Bean price is up 6 1/4 cents at $11.47 3/4. Soymeal futures is up $5.10 to $6.20, with Soy Oil futures 20 to 75 points lower. There were another 250 deliveries against May bean...

The wheat complex is rallying on Monday, with gains across the three markets. Chicago SRW futures are posting 13 to 15 cent gains in the front months on Monday. There was single delivery issued against May CBT wheat on Friday higher, with 16 deliveries against May KC wheat. KC HRW...

Corn futures are trading with contracts up 4 to 5 ½ cents across the nearbys on Monday. The CmdtyView national average Cash Corn price is up 4 1/2 cents to $4.34 1/4. USDA reported a couple private export sales of corn this morning, with 380,000 MT (220,000 MT for 2025/26...

USDA Grain Reports on Tuesday at 11 AM CDT

Once we get past the second weekly close of May, seasonal patterns change for the Grains sector.

December corn pulled back after a strong breakout rally earlier this year, but the Eugene still believes there is more upside ahead. Strong export demand, possible Chinese corn buying, concerns about planting conditions, and potential acreage reductions on the June 30 report could all support prices. He believes December corn could still move back above $5.10 and possibly higher.

Introducing The Spread Trader, a new series for The Klarenbach Grain Report. Brent Futz breaks down grain calendar spreads and commodity futures strategies.

July soybean meal futures present a buying opportunity on more price strength.