Corn Demand Is Now a War Story, Not a Weather Story

Corn and soybean demand, not yield, cut US corn ending stocks in the August WASDE as export and crush forecasts were both raised. Arlan Suderman, Chief Commodities Economist for StoneX Group's FCM Division, joins Mike Castle, Senior Commodities Economist, to explain why the 2026/27 balance sheets now turn on demand rather than supply. Suderman and Castle work through the two conflicts that have become wars on commodity logistics, why Brazil is keeping more corn at home for its expanding ethanol industry, and what a Chinese purchase of 25 million metric tons of US soybeans would force the market to do. They also cover the shift of Russian fertilizer exports from the Black Sea to the Baltic, and why phosphate supply is the input to watch heading into the fall application season. Discover Actionable Markets Insights with StoneX Market Intelligence: https://shop.stonex.com/collections/all?utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_mike_castle&utm_content=share 0:00 Demand Takes Over From Yield 0:46 Two Wars Hit Commodity Trade 2:00 Brazil Keeps More Corn at Home 3:38 The Big If on China Soybeans 5:44 Soybean Business Shifts South 7:01 Ukraine Reaches the Baltic 8:23 Phosphate Is the Choke Point 10:20 Input Costs Squeeze Margins Like and subscribe for more financial market insights. #Corn #Soybeans #Fertilizer #StoneX #ArlanSuderman