Grain markets spent much of the week preparing for Friday’s WASDE report, and when the numbers were released, the first reaction was negative. Corn, soybeans, and wheat all slipped into the red as traders digested updated acreage and yield projections.
But that tone didn’t last long. By the close, grains managed to claw their way back into positive territory, finishing the day in the green. Analysts say part of the rebound came from strong underlying demand and positioning ahead of harvest, which kept buyers active even in the face of bearish headlines.
USDA’s report leaned a little on the bearish side overall, with larger-than-expected supplies weighing on the outlook. Still, the quick turnaround shows just how sensitive the market is this time of year—where every bushel in the balance sheet can sway prices, and where harvest weather, export demand, and fund activity will all help set the tone in the weeks ahead.
Mark Gold with Top Third/StoneX has the Friday Market Wrap Up
