Grains Are Drowning—But Are Cattle About to Peak?
- Ryan Tungseth
- Jul 31
- 2 min read
Market Breakdown: Grains Can’t Find the Floor
It’s hard to sugarcoat it—grain markets are ugly. Despite record exports and shrinking global stockpiles, corn and soybeans keep sliding. Why? It’s all about the cash market.
The funds aren’t just speculating—they’re reacting to what they see in the real-world grain trade. And right now, there’s no sign from the cash side that they’re wrong. Basis remains weak, storage is full, and cash bids haven’t turned. Until that changes, don’t expect a rally.
