Latest / The Commodities Economy with Fexingo: Oil, Gold, Wheat, and Raw Material Markets
How Wheat and Corn Are Diverging on Global Supply Fears
In July 2026, wheat has surged 8.2% in five days while corn has jumped 7.8%, but the reasons behind each rally are very different. Lucas and Luna break down the diverging fundamentals: wheat is spiking on renewed Black Sea shipping disruptions and a dry spell in Australia, while corn is rallying on ethanol demand and a surprise drop in USDA planted acreage estimates. They also discuss how fertilizer costs and geopolitical jitters are creating asymmetric risk in grains. With the USDA's July WASDE report fresh and weather markets heating up, this episode helps listeners understand…
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