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9-18 Midday: Soybeans Lead Grain Market Lower at Midday 

ByGrain Market Insider

Grain Market Insider Interactive Quote Board

  • Corn prices are slightly weaker at midday, pressured by harvest progress. December corn is down 00-3/4 to $4.26-00.
  • Weekly export sales for corn came in at 49 mb, which was in line with expectations. Year-to-date commitments for the 2025/26 marketing year now total 938 mb, up 68% from last year.
  • According to China’s General Administration of Customs website, August corn imports were down 90.5% compared to August of 2024. Year-to-date corn imports for China were also down 92.9% year-over-year to 880k mt.
  • Rainfall across the Western and Central Corn Belt is likely to delay harvest progress as precipitation chances are high over the next 5 days.

  • Soybeans are being pulled lower by soybean oil as that market is awaiting more direction from the EPA regarding SRE exemptions. November soybeans are down 5-00 to $10.38-3/4, with January futures 5-00 lower to $10.59-00.
  • Weekly soybean export sales totaled 34 mb, which was in line with expectations. Year-to-date commitments for the 2025/26 marketing year sit at 378 mb, down 36% from a year ago.
  • President Trump and China’s Xi are expected to meet virtually tomorrow. It is still unclear whether the two will discuss agriculture products or not.
  • Wheat prices are mostly lower at midday as beneficial rains fall and global production estimates rise. December Chicago wheat is down 00-1/2 to $5.27-3/4.
  • Weekly export sales for wheat were in line with expectations at 14 mb. Year-to-date commitments total 481 mb, up 20.5% from the year prior.
  • According to Stats Canada, the 2025/26 wheat crop is seeing 1.1 mmt higher than the group’s previous estimate back in August. The group cited higher yields as the reason for the increase in production.
  • Taiwan has pledged to purchase 3.6 mmt of wheat worth $1.3 billion from the US during a three-year period between 2026 and 2029. Both the Taiwan Flour Millers Association and US Wheat Associates have signed an agreement.

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