U.S. crop ratings continue to improve, putting pressure on Chicago grain futures.

汇通财经2026/06/16 10:47

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⑴ Chicago corn, wheat, and soybean futures continued to be weak on Tuesday, holding steady near multi-month lows. The latest weekly crop ratings from the U.S. Department of Agriculture show corn rated at 68% good to excellent and soybeans at 66%, both up 1 percentage point from the previous week. Spring wheat was rated 55% good to excellent, up 3 percentage points, reflecting generally favorable crop-growing weather in the Midwest. ⑵ Winter wheat crop ratings, affected by drought, remain near historic lows, but weekly scores have improved, and the harvest is progressing faster than analysts expected, partially easing supply concerns. ⑶ Crude oil prices have fallen to a three-month low, adding further pressure to the grain market. However, traders are also watching to see if softer prices will stimulate a new round of buying from importing countries. Algeria has issued a tender to purchase wheat for August shipment, signaling potential buying interest. ⑷ Peak Trading Research noted that the grain market is seasonally bearish, with recent fund selling indicating further downside potential. The overall favorable U.S. weather outlook and expectations of ample supply continue to suppress prices. ⑸ The next points of focus are on the wheat harvest progress in the Northern Hemisphere, U.S. planted acreage data at the end of the month, and the spillover effect of crude oil price movements on sentiment in the agricultural markets.

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Evogene will hold a special general meeting of shareholders in Rehovot, Israel on Nov. 10, 2026. Shareholders will vote on electing Oz Adler and Dr. Adi Zuloff-Shani to the board. Ballots will also cover the election of Itay Maroz and Shahar Zadok, subject to approval of a cooperation agreement. The meeting will also vote on a cooperation agreement between Evogene and L.I.A. Pure Capital and Invest-Pro Shukai Hon. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Evogene Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001178913-26-004722), on October 06, 2026, and is solely responsible for the information contained therein.

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