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WE NOW HAVE FINANCING AVAILABLE THROUGH YOUR JOHN DEERE MULTIUSE ACCOUNT FOR PURINA FEED. CALL SUSIE AT 712-779-3515 FOR DETAILS!
July 31st, 2026 Grain Markets end July on a small slump but still were able to stage a nice counter seasonal rally during the month. Nov beans lost 65 cents this week but are still up 44 cents since June 30th. Dec corn lost 24 cents this week but is still up 28 cents from June 30th. There were a few factors that led to the positive moves this month. A very hot and dry stretch of weather across the corn belt in July is seen as taking the top end off yields. This was also combined with rising energy prices again from the Iran War. Wheat markets rallied hard off of Russia/Ukraine escalating fighting once again by attacking grain and energy shipping and port infrastructure. Also Europe is in the midst of a very bad drought which should cause them to have a combination of lower exports and higher imports of grains this year. Demand for US grain remains very good across most sectors so any significant drop in yields on the current crop will get the markets attention as we saw. A less threatening forecast to start the week showing that the worst of the heat should be behind us, as well as better rains led to a sharp move lower. Going forward the market will try to assess how much damage was done to particulary the corn crop from the July weather, as well as monitoring the other above developments. It surely took the top end off yields but many areas are still in reportedly pretty good shape yet with solid potential, and a better forecast will help beans most as we move into August. The next major report is on August 12th when we'll get the USDA's next guess on production.
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