“U.S. rainfall coverage over the next week is expected to be heaviest across the central Midwest with 1-3 inches likely. While its impact on this year’s corn and soybean yields is expected to be minimal, it will help ease drought conditions that have spiked in recent weeks while also boosting subsoil moisture for the winter wheat crop that is currently being planted,” Soderberg said. “Western Australia raised their wheat production forecast 4.4% to 11.8 mmt. Russia’s Ag. Ministry maintains their 2025 grain production forecast at 135 mmt. So far 114 mmt of grain has been harvested including 84 mmt of wheat.”