Coffee Cup Comments (Market Commentary)
07-09-2026
The grain markets are mixed this morning as the uncertainty continues. Wall street continues to watch war headlines as the US-Iran ceasefire deal isn’t really a ceasefire deal. The US launched more attacks on Iran in retaliation against their attacks on ships with the Strait of Hormuz. This has had more of an effect on crude oil and energy prices as the grain traders are tired of hearing about the issue for the moment. The weather forecasts and crop condition ratings for the U.S. crop along with continued strong demand for U.S. corn and soybeans are what is driving the markets right now. China has showed up over the past week or so with some purchases of U.S. soybeans which is a start towards their 25MMT commitment for 2026 crop soybeans. Traders will be watching to see if they step in and buy corn and other agricultural products as well. The next market mover will be the JULY WASDE report which will be released tomorrow at 11 AM. For the most part we won’t be looking at many changes, but the numbers will be updated by the June 30th acreage numbers that came out. For now, the weather, export demand and geopolitical news will continue to be the main influencers. Have a great day!