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The U.S. Department of Agriculture maintained its 2025/2026 corn production forecast for Argentina at 63 million tons; and raised its 2025/2026 corn production forecast for Brazil from 138 million tons to 140 million tons.

The U.S. Department of Agriculture lowered its 2025/2026 soybean production forecast for Argentina from 50 million tons to 49.5 million tons, while raising its 2025/2026 soybean production forecast for Brazil from 180 million tons to 180.5 million tons.

The U.S. Department of Agriculture (USDA) forecasts the U.S. soybean production for the 2026/2027 marketing year at 4.519 billion bushels in August, compared to market expectations of 4.472 billion bushels and the July forecast of 4.475 billion bushels. The U.S. soybean ending stocks for the 2026/2027 marketing year are forecasted at 320 million bushels in August, compared to market expectations of 304 million bushels and the July forecast of 310 million bushels. The U.S. soybean yield for the 2026/2027 marketing year is forecasted at 52.7 bushels per acre in August, compared to market expectations of 52.9 bushels per acre and the July forecast of 53 bushels per acre.

The Russian Federal State Statistics Service reported that the consumer price index rose 0.54% month-on-month in July.

The Russian Federal State Statistics Service reported that GDP grew by 1.3% year-on-year in the second quarter, compared with a 0.2% year-on-year decline in the previous quarter.

Market news: Switzerland is considering legislation to mandate a delay in bonus payments for bank executives, potentially for up to five years.