Latest / The Commodities Economy with Fexingo: Oil, Gold, Wheat, and Raw Material Markets
Why Corn Is Surging Past Wheat in July 2026
This episode of The Commodities Economy drills into a striking divergence in the grain complex: corn futures up 5.1% in the past week while wheat gains a more modest 2.1%. Lucas and Luna unpack the data — US ethanol production running at a record pace, China's slowest quarterly growth since 2022 hitting wheat demand, and a shifting global supply map. They walk through how corn's industrial tailwind from ethanol mandates and cheap natural gas is overpowering the usual weather-driven narrative, while wheat faces headwinds from weak export demand and a strong dollar. Specific numbers…
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