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9-9 Midday: Grains Mostly Lower at Midday

ByGrain Market Insider

Grain Market Insider Interactive Quote Board

  • Corn futures are weaker at midday, pulled down by the wheat market. December corn is 1-0 lower to $4.20-3/4 while the March contract is 1-0 lower to $4.38-1/2.

  • Monday’s Crop Progress report showed corn ratings falling 1 point to 68% good-to-excellent. This compares to 64% good-excellent at this time last year. Harvest is on track with last year at 4% complete.

  • S&P Global pegs US corn yield is 189.1 bpa, above the USDA’s estimate of 188.8 bpa. Expectations for this Friday’s WASDE report are that the USDA will adjust their yield estimate lower.

  • Soybeans are being pulled lower by lack of Chinese demand despite higher Brazil prices and a weaker dollar. November soybeans are down 0-3/4 to $10.33-00, while the January contract is a penny lower to $10.51-3/4.

  • Yesterday’s Crop Progress report showed soybean ratings dropped 1 point to 64% good-to-excellent. This is down 1 point from last year’s conditions at 65% good-to-excellent.

  • According to AgRural, Brazil has just started soybean seeding in the Parana region with just 0.2% of the area planted. This compares to 0% at through the same week last year.

  • All three wheat classes are lower at midday despite the US dollar index hitting a 6-week low. December Chicago wheat is trading 2-1/4 lower to $5.21-1/2.

  • Spring wheat harvest advanced 13% from last week to 85% complete. Harvest is now slightly ahead of last year’s pace. Winter wheat plantings are seen at 5% done, just below the 5-year average of 6% planted at this time.

  • SovEcon has raised their wheat production forecast for Russia to 86.1 mmt, up from the groups previous estimate of 85.4 mmt.

Grain Market Insider is provided by Stewart-Peterson Inc., a publishing company.

Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing by Stewart-Peterson and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Stewart-Peterson Inc. Reproduction of this information without prior written permission is prohibited. Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. Reproduction and distribution of this information without prior written permission is prohibited. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Total Farm Marketing.

Stewart-Peterson Inc., Stewart-Peterson Group Inc., and SP Risk Services LLC are each part of the family of companies within Total Farm Marketing (TFM). Stewart-Peterson Inc. is a publishing company. Stewart-Peterson Group Inc. is registered with the Commodity Futures Trading Commission (CFTC) as an introducing broker and is a member of National Futures Association. SP Risk Services LLC is an insurance agency. A customer may have relationships with any or all three companies. 

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9-9 Opening Update: Grains Virtually Unchanged to Start the Day

ByGrain Market Insider

Grain Market Insider Interactive Quote Board

  • Corn is trading slightly lower this morning with December down 1 cent to $4.20-3/4 and March is also trading one cent lower to $4.38-1/2. The grain complex is quiet again today ahead of Friday’s WASDE.

  • Yesterday’s Crop Progress report saw corn ratings down 1 point from last week at 68% good to excellent, but this was higher than the trade estimate. 95% of the crop is in dough stage, 74% is dented, and 25% is mature.

  • Estimates for Friday’s WASDE report see 25/26 ending stocks for corn around 2.013 billion bushels which would be down 104 mb from last month. Yield is expected to decline to 186 bpa.

Corn Futures on the Move Higher: The roll from September to December brought renewed strength, with December futures closing last week above the 50-day moving average. The July 4th gap near 413 has now been filled, and the next upside target is 430. On the downside, the 50-day average stands as key support, with a break opening the door to the gap below 400.

  • Soybeans are completely unchanged to start the day with November at $10.33-3/4 and March at $10.68. October bean meal is up $1.70 to $238.60 and October bean oil is up 0.05 cents to 51.03 cents.

  • The Crop Report saw soybean ratings fall by one point to 64% good to excellent but this was 1 point above the trade guess. 97% of the crop is setting pods and 21% is dropping leaves.

  • Estimates for the WASDE report see 25/26 ending stocks slightly lower to unchanged at 287 mb while 24/25 ending stocks are expected to be unchanged. Yield is projected 0.4 bpa lower at 53.2 bpa.

Soybeans Hold at Support: Early August strength followed USDA’s 2.5 million acre cut to 2025 harvested area, propelling futures through major resistance and key moving averages near 10.30, now acting as support. On the upside, the 10.80 spring highs remain the next major hurdle, a level that has consistently capped rallies over the past year.

  • All three wheat classes are lower to start the day with December Chicago wheat down 1/2 cent to $5.23-1/4 while December KC wheat is down 2-1/2 cents to $5.14-3/4. Yesterday, KC wheat led the complex higher.

  • Yesterday’s Crop Progress report saw that the spring wheat harvest is now 85% complete which is one point above the 5-year average. The winter wheat crop is now 5% planted which compares to the 5-year average of 6% for this time of year.

  • Estimates for Friday’s report see both the 24/25 and 25/26 ending stocks basically unchanged with the first at 863 mb. World ending stocks are expected to increase slightly.

Chicago Wheat Below Moving Averages: June’s rally quickly faded, with futures retreating toward the upper end of their 2025 range. Initial support is just above 500 at the early-August low. On the upside, a weekly close above 558 would confirm renewed strength and set up a potential retest of the 590 highs.

KC Wheat Trends Sideways, Tests Lows: June’s rally briefly tested April highs near 580 before fading into month-end. The pullback left futures trading below the 50-day moving average, now key resistance on any rebound. Support is firm at the recent lows near 505, with secondary support at the May low around 500.

Spring Wheat Tests Support: Futures remain rangebound as harvest advances, holding early August lows near 580 support. On the upside, strong resistance sits just above 600 at clustered moving averages, with a secondary target near 650 if momentum builds.

Grain Market Insider is provided by Stewart-Peterson Inc., a publishing company.

Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing by Stewart-Peterson and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Stewart-Peterson Inc. Reproduction of this information without prior written permission is prohibited. Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. Reproduction and distribution of this information without prior written permission is prohibited. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Total Farm Marketing.

Stewart-Peterson Inc., Stewart-Peterson Group Inc., and SP Risk Services LLC are each part of the family of companies within Total Farm Marketing (TFM). Stewart-Peterson Inc. is a publishing company. Stewart-Peterson Group Inc. is registered with the Commodity Futures Trading Commission (CFTC) as an introducing broker and is a member of National Futures Association. SP Risk Services LLC is an insurance agency. A customer may have relationships with any or all three companies. 

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9-8 End of Day: Grains Add Weather Premium to Start the Week

ByGrain Market Insider

Grain Market Insider Interactive Quote Board

Grain Market Highlights

  • 🌽 Corn: Corn futures started the week higher as markets added weather premium on a warmer and drier than normal outlook over the next two weeks.

  • 🌱 Soybeans: Soybeans started the week higher as weekend frost in the northern Corn Belt likely cut short grain fill in late-developing soybeans.

  • 🌾 Wheat: Wheat futures posted gains across all three classes Monday, supported by strong export inspections and a weaker U.S. dollar.

  • To see updated U.S. weather maps scroll down to the other charts/weather section.

Note – For the best viewing experience, some Grain Market Insider content is best viewed with your phone held horizontally.

Corn

Corn Action Plan Summary

2025 Crop: 

  • Continued Opportunity – Sell one-quarter of your December 420 puts today.

  • Plan A:

    • Exit half of the December 420 puts @ 43-3/4 cents.

  • Plan B:

    • No active targets.

  • Details:

    • Sales Recs: Seven sales recommendations have been made to date, with an average price of 461.25.

    • Changes:

      • One-quarter of your 420 puts should be exited to lighten the position in case upside momentum continues through September. The remaining three-quarters should remain to continue providing downside protection.

2026 Crop: 

  • Plan A: No active targets.

  • Plan B:

    • A close over 482 resistance vs Dec ‘26 and buy call options (strikes TBD).

  • Details:

    • Sales Recs: Four sales recommendations have been made to date, with an average price of 462.

    • Changes:

      • None.

      • Resistance for the macro trend sits at 482 vs December ’26. A close above 482 would signal a potential shift to a macro uptrend, triggering a call option purchase.

To date, Grain Market Insider has issued the following corn recommendations:

  • Corn futures started the week higher, rallying off early session lows. December gained 3 ¾ cents to 421 ¾, while March added 3 cents to 439 ½, supported by demand and weather concerns.

  • USDA released weekly export inspections on Monday morning. For the week ending September 4, a total of 56.8 mb were inspected for shipment. Of that total, 25.6 mb were for the 2025-26 marketing year as the old marketing year closed on August 31. 

  • Grain markets are adding weather premium as long-range forecasts point to above-normal temperatures and below-normal rainfall across much of the Corn Belt into mid-September.

  • Managed hedged funds reduced their net short position in the corn market for the third consecutive week. This is the longest “buying” streak since January as the funds reduced their net short position by nearly 19,000 contracts but remain short 91,000 total contracts.

  • Brazil’s growing ethanol industry could be long term supportive of the US corn export market. Though down the road, A Brazilian ethanol firm announced plans to build at least 5 ethanol plants in Mato Grasso. The increased domestic usage should limit additional bushels to the export market.

Corn Managed Money Funds net position as of Tuesday, September 2. Net position in Green versus price in Red. Money Managers net bought 19,199 contracts between August 26 – September 2, bringing their total position to a net short 91,487 contracts.

Soybeans

Soybeans Action Plan Summary

2025 Crop:

  • Plan A:

    • Exit one-third of 1100 call options at 1085 vs November.

  • Plan B:

    • No active targets.

  • Details:

    • Sales Recs: Two sales recommendations made to date, with an average price of 1040.25.

    • Changes:

      • The Plan B target to exit one-quarter of the January 1040 puts options has been removed.

2026 Crop:

  • Plan A: No active targets.

  • Plan B:

    • A close over 1161 resistance vs Nov ‘26 and buy call options (strikes TBD).

  • Details:

    • Sales Recs: Zero sales recommendations made so far to date.

    • Changes:

      • None.

      • Resistance for the macro trend sits at 1161 vs November ‘26. A close above 1161 would signal a potential shift to a macro uptrend, triggering a call option purchase.

To date, Grain Market Insider has issued the following soybean recommendations:

  • Soybeans ended the day higher to start the week as futures slowly climbed higher throughout the day. November soybeans gained 6-3/4 cents to $10.33-3/4 while March gained 7-1/4 cents to $10.68. Soybeans bounced off support at the 50-day moving average again today. October soybean meal gained $1.40 to $281.90 while October soybean oil gained 0.17 cents to 50.98 cents.

  • China’s August soybean imports hit a record 12.28 mmt, up 1.2% from last year and above expectations as crushers front-loaded purchases amid stalled U.S.-China trade talks.

  • StoneX has revised their estimates for the 25/26 soybean yield lower to 53.2 bpa. This would be slightly below the USDA’s estimate but is on par with Allendale’s last guess of 53.28 bpa. Production is estimated at 4,257 mb, and the USDA will update its estimates this Friday.

  • Patchy frost likely hit northern U.S. soybean areas over the weekend, while ongoing and forecasted dryness across the core I-states is adding back weather premium to the market.

  • Friday’s CFTC report saw funds as sellers of soybeans by 8,854 contracts which reduced their net long position to 11,964 contracts. They sold 14,542 contracts of bean oil leaving them long 16,127 contracts and sold 27,811 contracts of meal leaving them short 89,522 contracts.

Soybean Managed Money Funds net position as of Tuesday, September 2. Net position in Green versus price in Red. Money Managers net sold 8,854 contracts between August 26 – September 2, bringing their total position to a net long 11,964 contracts.

Wheat

Market Notes: Wheat

  • Wheat futures posted gains across all three classes today, supported by positive export inspection data and a weaker U.S. dollar. December wheat led the way, closing up 4.4 cents at 523 3/4.

  • Wheat export inspections this week totaled 16 mb, in line with trade expectations and sufficient to meet the weekly pace needed to reach the USDA’s annual forecast. Year-to-date inspections stand at 260 mb, which is 10% above the seasonal average.

  • Fundamentals remain bearish, with ample EU and Black Sea supplies capping rallies. APK-Inform raised Ukraine’s wheat crop estimate to 21.9 mmt (from 19.7) and exports to 15.3 mmt (from 13.9), adding to global pressure.

  • Wheat prices in Russia and the EU remain weak, adding to global market pressure. APK-Inform raised Ukraine’s wheat production estimate to 21.9 million metric tons, up from 19.7 million last month. Export projections were also increased, with Ukraine now expected to ship 15.3 million tons, up from the previous forecast of 13.9 million.

  • Wet weather across the Plains is expected to slow early planting progress, as the spring wheat harvest nears completion at approximately 80%. Meanwhile, winter wheat planting is just slightly behind the seasonal average.

2025 Crop:

  • Plan A:

    • Target 25 vs December for the next sale.

  • Plan B:

    • Buy call options if December closes over 633.50 macro resistance.

  • Details:

    • Sales Recs: Five sales recommendations made to date, with an average price of 646.

    • Changes:

      • None

2026 Crop:

  • Plan A:

    • Target 605.75 vs July ‘26 for the next sale.

  • Plan B:

    • No active targets.

  • Details:

    • Sales Recs: One sales recommendation made to date at 624.

    • Changes:

      • The Plan A target has been lowered to 605.75.

Chicago Wheat Managed Money Funds’ net position as of Tuesday, September 2. Net position in Green versus price in Red. Money Managers net sold 356 contracts between August 26 – September 2, bringing their total position to a net short 81,943 contracts.

2025 Crop:

  • Plan A: Target 590 against December 2025 for the sixth sale.

  • Plan B:

    • Buy call options if December closes over 653 macro resistance.

  • Details:
    • Sales Recs: Five sales recommendations made to date, with an average price of 618.

    • Changes:

      • A Plan A target of 590 against December 2025 futures has been added.

2026 Crop:

  • Plan A:

    • Target 642 vs July ‘26 to make the first cash sale.

  • Plan B:

    • No active targets.

  • Details:
    • Sales Recs: Zero sales recommendations made so far to date.

    • Changes:

      • The 647 target has been lowered to 642.

To date, Grain Market Insider has issued the following KC recommendations:

KC Wheat Managed Money Funds’ net position as of Tuesday, September 2. Net position in Green versus price in Red. Money Managers net sold 6,000 contracts between August 26 – September 2, bringing their total position to a net short 54,681 contracts.

2025 Crop:

  • Plan A: No active targets.

  • Plan B:

    • Buy KC call options if December KC closes over 653 macro resistance (strikes TBD).

  • Details:

    • Sales Recs: Five sales recommendations made to date, with an average price of 646.

    • Changes:

      • None.

      • FYI – KC options are used for better liquidity.

2026 Crop:

  • Continued Opportunity – Sell a second portion of your 2026 Minneapolis wheat crop today.

  • Plan A: No active targets.

  • Plan B: No active targets.

  • Details:

    • Sales Recs: Two sales recommendations have been made to date, with an average price of 654.

    • Changes:

      • None.

      • FYI – KC options are used for better liquidity.

To date, Grain Market Insider has issued the following KC recommendations:

Minneapolis Wheat Managed Money Funds’ net position as of Tuesday, September 2. Net position in Green versus price in Red. Money Managers net sold 1,699 contracts between August 26 – September 2, bringing their total position to a net short 24,494 contracts.

Other Charts / Weather

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9-8 Midday: Grains Mixed at Midday Monday

ByGrain Market Insider

Grain Market Insider Interactive Quote Board

  • December corn futures are down 1-1/2 cents at 416-1/2 here at midday Monday.

  • The California Senate approved E15 gasoline last week, making the state the last in the nation to legalize its sale. The move is expected to ease pump prices for Californians, who face the highest fuel costs in the U.S.

  • Corn has lost a bit of its competitive edge as both South American and Ukraine corn premiums have fallen hard lately. Ukraine has begun its corn harvest and APK Inform again raised total Ukraine grain production by 5.6 million metric tons (mmt) to 58.8 mmt. Corn harvest is pegged at 30.3 mmt.

  • November soybean futures are 1-1/4 cents lower at 1025-3/4 to start the week.

  • Weekend frost in the northern Corn Belt likely cut short grain fill in late-developing soybeans, with Minnesota and North Dakota facing the heaviest damage.

  • Over the past four months, China’s soybean imports have run at a record pace—yet none have come from the U.S. This raises trader concerns that even if a trade deal is reached, China’s appetite for U.S. soybeans may remain limited.

  • Wheat futures are higher this morning with December Chicago wheat 2 cents higher at 521-1/4. December Spring wheat futures are 3-3/4 cents higher at 569-3/4.

  • U.S. spring wheat harvest is in its final stretch, with spot basis levels weakening. In the Southern Plains, hard red winter wheat basis is reported at 95 under futures, making wheat more competitive with corn.

  • Argentina’s wheat crop was likely damaged by recent frost, with additional frost events expected this week that could further impact production.

Grain Market Insider is provided by Stewart-Peterson Inc., a publishing company.

Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing by Stewart-Peterson and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Stewart-Peterson Inc. Reproduction of this information without prior written permission is prohibited. Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. Reproduction and distribution of this information without prior written permission is prohibited. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Total Farm Marketing.

Stewart-Peterson Inc., Stewart-Peterson Group Inc., and SP Risk Services LLC are each part of the family of companies within Total Farm Marketing (TFM). Stewart-Peterson Inc. is a publishing company. Stewart-Peterson Group Inc. is registered with the Commodity Futures Trading Commission (CFTC) as an introducing broker and is a member of National Futures Association. SP Risk Services LLC is an insurance agency. A customer may have relationships with any or all three companies. 

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9-8 Opening Update: Corn Slightly Lower, Soybeans and Wheat Higher in Quiet Trade

ByGrain Market Insider

Grain Market Insider Interactive Quote Board

  • Corn is trading lower this morning, but the grain complex is quiet overall ahead of Friday’s WASDE report. December corn futures are down 2 cents at $4.16 and March is down 2 cents at $4.34-1/2. 

  • The export sales report saw corn sales at 1,836k tons which was down from the previous week’s 2,072k and compared to 1,649k a year ago. Top buyers were Mexico, Colombia, and Japan.

  • Friday’s CFTC report saw funds as buyers of corn. They bought back 19,199 contracts which reduced their net short position to 91,487 contracts. They might be buying back corn over fears of a yield cut this week.

Corn Futures on the Move Higher: The roll from September to December brought renewed strength, with December futures closing last week above the 50-day moving average. The July 4th gap near 413 has now been filled, and the next upside target is 430. On the downside, the 50-day average stands as key support, with a break opening the door to the gap below 400.

  • Soybeans are trading mixed this morning with gains in the front months and slight losses in deferred. November soybeans are up by 1 cent to $10.28 while March is up 3/4 cent to $10.61-1/2. October soybean meal is up $0.50 to $281 and October bean oil is up 0.54 cents to 51.35 cents.

  • Export sales for soybeans were on the poor side at 795k tons which was down from 1,183k the previous week and 1,431k tons a year ago. Top buyers were unknown, Vietnam, and Japan.

  • Friday’s CFTC report saw funds as sellers of soybeans by 8,854 contracts which reduced their net long position to 11,964 contracts. They sold 14,542 contracts of bean oil and sold 27,811 contracts of meal.

Soybeans Hold at Support: Early August strength followed USDA’s 2.5 million acre cut to 2025 harvested area, propelling futures through major resistance and key moving averages near 10.30, now acting as support. On the upside, the 10.80 spring highs remain the next major hurdle, a level that has consistently capped rallies over the past year.

  • All three wheat classes are trading higher this morning with the December Chicago wheat contract up 1 cent to $5.20-1/4 while December KC wheat is up 1-3/4 cents to $5.07-1/4. Wheat is about 6 cents off its contract low from last week.

  • Export sales for wheat were on the slow side at 319k tons which was down from 580k the week before and 330k a year ago at this time. Top buyers were Nigeria, Mexico, and the Philippines.

  • Friday’s CFTC report saw funds as sellers of Chicago wheat by 356 contracts which left them with a net short position of 81,943 contracts. They sold 6,000 contracts of KC wheat leaving them short 54,681 contracts.

Chicago Wheat Below Moving Averages: June’s rally quickly faded, with futures retreating toward the upper end of their 2025 range. Initial support is just above 500 at the early-August low. On the upside, a weekly close above 558 would confirm renewed strength and set up a potential retest of the 590 highs.

KC Wheat Trends Sideways, Tests Lows: June’s rally briefly tested April highs near 580 before fading into month-end. The pullback left futures trading below the 50-day moving average, now key resistance on any rebound. Support is firm at the recent lows near 505, with secondary support at the May low around 500.

Spring Wheat Tests Support: Futures remain rangebound as harvest advances, holding early August lows near 580 support. On the upside, strong resistance sits just above 600 at clustered moving averages, with a secondary target near 650 if momentum builds.

Grain Market Insider is provided by Stewart-Peterson Inc., a publishing company.

Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing by Stewart-Peterson and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Stewart-Peterson Inc. Reproduction of this information without prior written permission is prohibited. Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. Reproduction and distribution of this information without prior written permission is prohibited. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Total Farm Marketing.

Stewart-Peterson Inc., Stewart-Peterson Group Inc., and SP Risk Services LLC are each part of the family of companies within Total Farm Marketing (TFM). Stewart-Peterson Inc. is a publishing company. Stewart-Peterson Group Inc. is registered with the Commodity Futures Trading Commission (CFTC) as an introducing broker and is a member of National Futures Association. SP Risk Services LLC is an insurance agency. A customer may have relationships with any or all three companies. 

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9-5 End of Day: Corn Supported by Exports, Soybeans Retreat on China Concerns, Wheat Holds Near Support

ByGrain Market Insider

Grain Market Insider Interactive Quote Board

Grain Market Highlights

  • 🌽 Corn: Corn ended the week slightly lower, but the market remains well-supported by strong export demand and expectations of a potential production cut in next week’s WASDE report.

  • 🌱 Soybeans: Soybeans closed lower, retreating from morning highs as weakness in soybean oil and concerns over limited Chinese buying weighed on the market.

  • 🌾 Wheat: Wheat futures closed mostly lower despite a weaker U.S. Dollar. Prices are holding near key support levels, with strong export demand providing underlying support.

  • To see updated U.S. weather maps scroll down to the other charts/weather section.

Note – For the best viewing experience, some Grain Market Insider content is best viewed with your phone held horizontally.

Corn

Corn Action Plan Summary

2025 Crop: 

  • Continued Opportunity – Sell one-quarter of your December 420 puts today.

  • Plan A:

    • Exit half of the December 420 puts @ 43-3/4 cents.

  • Plan B:

    • No active targets.

  • Details:

    • Sales Recs: Seven sales recommendations have been made to date, with an average price of 461.25.

    • Changes:

      • One-quarter of your 420 puts should be exited to lighten the position in case upside momentum continues through September. The remaining three-quarters should remain to continue providing downside protection.

2026 Crop: 

  • Plan A: No active targets.

  • Plan B:

    • A close over 482 resistance vs Dec ‘26 and buy call options (strikes TBD).

  • Details:

    • Sales Recs: Four sales recommendations have been made to date, with an average price of 462.

    • Changes:

      • None.

      • Resistance for the macro trend sits at 482 vs December ’26. A close above 482 would signal a potential shift to a macro uptrend, triggering a call option purchase.

To date, Grain Market Insider has issued the following corn recommendations:

  • A choppy trading session ended the week as corn futures faded off session highs to finish softer on the day. End of week pressure outweighed another strong week of export sales during the day. September corn futures closed ¾ cents lower to 399, and December corn lost 1 ¾ to 418. For the week, December corn lost 2 ¼ cents.

  • Weekly export sales remain very strong for the 2025-26 marketing year. For the week ending August 28, new crop corn sales totaled 2.117 MMT (83.3 mb), near the top end of expectations. Mexico remained the largest buyer of U.S. corn. Old crop sales saw cancellations of 11.1 MB as the end of the marketing year approached.

  • The next USDA WASDE report will be released next Friday, September 12. The market will be seeing private analyst estimates for this corn yield and production. SP Global released a yield estimate of 189.1 bu/acre this afternoon, higher than the 188.8 forecast by the USDA in August. The corn market is still preparing for a large crop to be in the pipeline this fall.

  • The White House announced this morning plans to review the biofuel waiver process. The use of refinery exemptions and the number granted can impact corn demand for ethanol. Decisions on the biofuel waiver system could impact mandates for 2026-27.

  • Below normal temperatures are forecasted for the northern Corn Belt this weekend as overnight low temperatures could push toward the freezing mark. If some frost was to occur, it could limit the final development of the corn and soybean crops in those areas.

Soybeans

Soybeans Action Plan Summary

2025 Crop:

  • Plan A:

    • Exit one-third of 1100 call options at 1085 vs November.

  • Plan B:

    • No active targets.

  • Details:

    • Sales Recs: Two sales recommendations made to date, with an average price of 1040.25.

    • Changes:

      • The Plan B target to exit one-quarter of the January 1040 puts options has been removed.

2026 Crop:

  • Plan A: No active targets.

  • Plan B:

    • A close over 1161 resistance vs Nov ‘26 and buy call options (strikes TBD).

  • Details:

    • Sales Recs: Zero sales recommendations made so far to date.

    • Changes:

      • None.

      • Resistance for the macro trend sits at 1161 vs November ‘26. A close above 1161 would signal a potential shift to a macro uptrend, triggering a call option purchase.

To date, Grain Market Insider has issued the following soybean recommendations:

  • Soybeans ended the day lower, fading from earlier morning highs as a result of lower soybean oil and further concerns over the lack of China as a buyer. November soybeans lost 6 cents to $10.27, while March soybeans lost 6-1/4 cents to $10.60-3/4. October soybean meal gained $0.40 to $280.50, and October soybean oil lost 0.70 cents to 50.81 cents as it followed crude oil lower.

  • Today’s export sales report was middle of the road for soybeans with a net reduction of 0.9 million bushels of export sales for 24/25 but an increase of 30.1 mb for the 25/26 marketing year. Top buyers were unknown destinations, Mexico, and Japan. Last week’s export shipments of 16.8 million bushels were below the 20.4 mb needed each week to meet USDA expectations.

  • StoneX has revised their estimates for the 25/26 soybean yield lower to 53.2 bpa. This would be slightly below the USDA’s estimate but is on par with Allendale’s last guess of 53.28 bpa. Production is estimated at 4,257 mb, and the USDA will update its estimates next Friday.

  • For the week, November soybeans lost 27-1/2 cents and are trading at support levels, while March soybeans lost 26-1/4 cents. October soybean meal lost $2.90 for the week, and October soybean oil lost 0.89 cents. A bullish WASDE report could cause funds to short cover next week.

Wheat

Market Notes: Wheat

  • After a two-sided trade and despite a drop in the U.S. Dollar Index, wheat closed lower. The exceptions were deferred Chicago contracts – July ’26 was neutral and December ’26 was 1/4 cent higher. As for December 2025 contracts, Chicago lost 1/4 cent at 519-1/4, Kansas City was down 1 cent to 505-1/4, and MIAX closed 4-1/4 cents lower at 566.

  • Weekly export sales, which were delayed until today, showed the USDA reporting an increase of 11.5 mb of wheat export sales for 25/26, along with 0.2 mmt for 26/27. Shipments last week totaled 32.7 mmt, which far exceeded the 16.7 mb pace needed per week to reach their export goal of 875 mb. Total 25/26 wheat sales commitments have reached 456 mb, up 22% from last year.

  • According to the USDA, as of September 2, spring wheat areas in drought were steady with last week’s reading of 13%. However, a recent lack of rain in winter wheat areas is becoming more apparent – drought conditions increased to 34%, up 3% from the week before. It is worth noting, however, that winter wheat acres in drought were 52% at this time last year.

  • In an update from the Buenos Aires Grain Exchange, they reported that Argentina’s wheat crop is 98% good to excellent, down 1% from last week. While this is very good, some heading winter wheat may have sustained recent frost damage, and there is risk of additional cold fronts over the next two weeks.

  • Ukraine has reportedly collected 28.8 mmt of grain so far in their harvest. Of that total, 22 mmt is wheat, which is up slightly from the 21.8 mmt figure at this time last year. Meanwhile, Russia is said to have collected 100 mmt of grain so far, out of an expected total of 135 mmt. In related news, Russia increased their wheat export tax by 25% to 168.6 rubles/mt through September 16.

2025 Crop:

  • Plan A:

    • Target 25 vs December for the next sale.

  • Plan B:

    • Buy call options if December closes over 633.50 macro resistance.

  • Details:

    • Sales Recs: Five sales recommendations made to date, with an average price of 646.

    • Changes:

      • None

2026 Crop:

  • Plan A:

    • Target 605.75 vs July ‘26 for the next sale.

  • Plan B:

    • No active targets.

  • Details:

    • Sales Recs: One sales recommendation made to date at 624.

    • Changes:

      • The Plan A target has been lowered to 605.75.

2025 Crop:

  • Plan A: Target 590 against December 2025 for the sixth sale.

  • Plan B:

    • Buy call options if December closes over 653 macro resistance.

  • Details:
    • Sales Recs: Five sales recommendations made to date, with an average price of 618.

    • Changes:

      • A Plan A target of 590 against December 2025 futures has been added.

2026 Crop:

  • Plan A:

    • Target 642 vs July ‘26 to make the first cash sale.

  • Plan B:

    • No active targets.

  • Details:
    • Sales Recs: Zero sales recommendations made so far to date.

    • Changes:

      • The 647 target has been lowered to 642.

To date, Grain Market Insider has issued the following KC recommendations:

2025 Crop:

  • Plan A: No active targets.

  • Plan B:

    • Buy KC call options if December KC closes over 653 macro resistance (strikes TBD).

  • Details:

    • Sales Recs: Five sales recommendations made to date, with an average price of 646.

    • Changes:

      • None.

      • FYI – KC options are used for better liquidity.

2026 Crop:

  • Continued Opportunity – Sell a second portion of your 2026 Minneapolis wheat crop today.

  • Plan A: No active targets.

  • Plan B: No active targets.

  • Details:

    • Sales Recs: Two sales recommendations have been made to date, with an average price of 654.

    • Changes:

      • None.

      • FYI – KC options are used for better liquidity.

To date, Grain Market Insider has issued the following KC recommendations:

Other Charts / Weather

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9-5 Midday: Grains Gain Midday Momentum Ahead of the Weekend

ByGrain Market Insider

Grain Market Insider Interactive Quote Board

  • The corn market continues to trade higher at midday, supported by growing weather concerns as drought conditions expand and frost is forecasted in the northern half of the Corn Belt within the next two weeks.

  • Dry conditions across the Midwest are expected to persist over the next two weeks, with the percentage of corn under drought rising by 4%.

  • Weather and crop disease pressures have led most analysts to expect the USDA to lower yield estimates in next week’s Supply and Demand report. StoneX has already adjusted its projection to 186.9 bushels per acre, down from 188.1 last month and below the USDA’s current estimate of 188.8.

  • The recent absence of corn flash sales has added pressure to the market, as traders grow increasingly concerned about demand ahead of a potential record crop.

  • Soybeans are trading steady to higher at midday, supported by a weaker U.S. dollar and the announcement of two flash sales. Both soybeans and soybean meal are posting gains, while soybean oil continues to trade lower.

  • The USDA has confirmed export sales of U.S. soybeans for delivery to unknown destinations in the 2025/26 marketing year, totaling 123,000 tons and 204,650 tons.

  • President Trump has requested an expedited review of the tariffs by the Court of Appeals, but a final decision could take several months. This uncertainty may prompt China to delay progress on a trade agreement as they await the court’s ruling.

  • StoneX has lowered its U.S. soybean yield estimate to 53.2 bushels per acre, down from 53.6 last month.

  • The percentage of U.S. soybean area under drought conditions rose by 5% this week to 16%, compared to 19% at the same time last year.

  • Wheat is trading higher at midday, driven by a weaker U.S. dollar and receiving additional support from the strength in the corn market.

  • U.S. wheat prices have struggled to rally this week, while European prices hit year-and-a-half lows amid increasing export competition.

  • Winter wheat area under drought conditions increased by 3% to 34%, still well below last year’s 52% at this time. The drought area for HRS wheat remained unchanged.

  • Ukraine’s Economic Ministry reports that 22 million tons of wheat have been harvested so far, slightly ahead of last year’s 21.8 million tons at this time.

Grain Market Insider is provided by Stewart-Peterson Inc., a publishing company.

Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing by Stewart-Peterson and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Stewart-Peterson Inc. Reproduction of this information without prior written permission is prohibited. Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. Reproduction and distribution of this information without prior written permission is prohibited. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Total Farm Marketing.

Stewart-Peterson Inc., Stewart-Peterson Group Inc., and SP Risk Services LLC are each part of the family of companies within Total Farm Marketing (TFM). Stewart-Peterson Inc. is a publishing company. Stewart-Peterson Group Inc. is registered with the Commodity Futures Trading Commission (CFTC) as an introducing broker and is a member of National Futures Association. SP Risk Services LLC is an insurance agency. A customer may have relationships with any or all three companies. 

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9-5 Opening Update: Grains Trading Higher to Start the Day

ByGrain Market Insider

Grain Market Insider Interactive Quote Board

  • Corn is trading higher this morning after yesterday prices dropped to support at the 50-day moving average. December corn is up 2-1/4 cents to $4.22 while March is up 2 cents to 4.39-1/2.

  • US ethanol stocks rose by 0.1% to 22.564 m bbl which was up from expectations of 22.442m. Plant production was higher at 1.075 million barrels per day which was also above the survey average of 1.067m.

  • Estimates for todays’ export sales report see corn sales in a range between 900k and 2,200k tons with an average guess of 1,383k tons. This would compare to 2,072k a week ago and 1,649k a year ago at this time.

Corn Futures Bounce From August Lows: Corn futures showed renewed strength with the front-month roll from September to December, closing last week above the 50-day moving average. The July 4th gap near 413 has been filled, with the next upside target at 430. On the downside, the 50-day average is key support, with a break exposing the gap below 400.

  • Soybeans are trading higher this morning following yesterday’s reversal higher. November soybeans are up 2 cents at $10.35 while March is also up 2 cents trading at $10.68-3/4. October bean meal is up $2.00 at $282.10 while October bean oil is up 0.25 cents at 51.76 cents.

  • StoneX has revised their estimates for the 25/26 soybean yield lower to 53.2 bpa. This would be slightly below the USDA’s estimate but is on par with Allendale’s last guess of 53.28 bpa. Production is estimated at 4,257 mb.

  • Estimates for today’s export sales report see soybean sales in a range between 500k and 1,600k tons with an average guess of 900k tons. This would compare to 1,183k last week and 1,431k a year ago at this time.

Soybeans Eye Spring Highs: Soybean futures surged in early August after USDA cut 2025 harvested area by 2.5 million acres. Prices broke through heavy resistance and key moving averages around 10.30, which now act as support on pullbacks. On the upside, the next major resistance is at the spring highs near 10.80, a level that has repeatedly capped rallies over the past year.

  • All three wheat classes are trading higher this morning and have rebounded after yesterday Chicago wheat made a new contract low. December Chicago wheat is up 3-3/4 cents to $5.23-1/4 while December KC wheat is up 3 cents to $5.09-1/4.

  • Russia has reportedly harvested 100 mmt of grain so far with expectations that total production will reach at least 135 mmt. Wheat production in Russia has exceeded expectations which has pressured the market.

  • Estimates for today’s export sales report see wheat sales in a range between 350k and 700k tons with an average guess of 492k tons. This would compare to 580k a week ago and 330k tons a year ago at this time.

Chicago Wheat Holds Range: Chicago wheat’s mid-June rally was short-lived, with futures retreating back toward the upper end of their 2025 trading range. Initial support lies just above 500, the early-August low. On the upside, a weekly close above 558 would signal renewed strength and open the door for a retest of the recent highs near 590. 

KC Wheat Continues Sideways Trend: KC wheat futures rallied sharply in June, briefly testing the April highs near 580 before weakening into month-end. The pullback pushed prices below the 50-day moving average, which now stands as key resistance on any rebound. Support is first seen at the recent lows near 505, followed by secondary support at the May low around 500.

Spring Wheat Holds Below Moving Averages: Spring wheat futures faced pressure in July as crop conditions improved and weather turned favorable across key growing areas. While August has seen some support, gains remain limited. Technically, strong resistance sits just above 600 at a cluster of major moving averages, with a secondary target near 650 if momentum strengthens. On the downside, recent lows around 580 are expected to provide solid support against further weakness.

Grain Market Insider is provided by Stewart-Peterson Inc., a publishing company.

Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing by Stewart-Peterson and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Stewart-Peterson Inc. Reproduction of this information without prior written permission is prohibited. Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. Reproduction and distribution of this information without prior written permission is prohibited. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Total Farm Marketing.

Stewart-Peterson Inc., Stewart-Peterson Group Inc., and SP Risk Services LLC are each part of the family of companies within Total Farm Marketing (TFM). Stewart-Peterson Inc. is a publishing company. Stewart-Peterson Group Inc. is registered with the Commodity Futures Trading Commission (CFTC) as an introducing broker and is a member of National Futures Association. SP Risk Services LLC is an insurance agency. A customer may have relationships with any or all three companies. 

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9-4 End of Day: Corn and Soybeans Rebound, Wheat Ends Lower

ByGrain Market Insider

Grain Market Insider Interactive Quote Board

Grain Market Highlights

  • 🌽 Corn: Corn futures ended the day higher, supported by emerging weather concerns from expanding drought conditions and a favorable ethanol report.

  • 🌱 Soybeans: Soybean futures closed higher, supported by strong U.S. soybean crush data and firm domestic demand.

  • 🌾 Wheat: Wheat markets closed lower today, pressured by a lack of fresh news and strength in the U.S. dollar.

  • To see the updated U.S. 7-day precipitation forecast as well as the Brazil and Argentina one-week forecast total precipitation courtesy of the National Weather Service, Climate Prediction Center and NOAA scroll down to the other Charts/Weather section.

Note – For the best viewing experience, some Grain Market Insider content is best viewed with your phone held horizontally.

Corn

Corn Action Plan Summary

2025 Crop: 

  • New Alert – Sell one-quarter of your December 420 puts today.

  • Plan A:

    • Exit half of the December 420 puts @ 43-3/4 cents.

  • Plan B:

    • No active targets.

  • Details:

    • Sales Recs: Seven sales recommendations have been made to date, with an average price of 461.25.

    • Changes:

      • One-quarter of your 420 puts should be exited to lighten the position in case upside momentum continues through September. The remaining three-quarters should remain to continue providing downside protection.

2026 Crop: 

  • Plan A: No active targets.

  • Plan B:

    • A close over 482 resistance vs Dec ‘26 and buy call options (strikes TBD).

  • Details:

    • Sales Recs: Four sales recommendations have been made to date, with an average price of 462.

    • Changes:

      • None.

      • Resistance for the macro trend sits at 482 vs December ’26. A close above 482 would signal a potential shift to a macro uptrend, triggering a call option purchase.

To date, Grain Market Insider has issued the following corn recommendations:

  • Corn futures rallied off session lows to finish higher, supported by technical buying after prices tested and held key support levels. September corn gained 2 cents to 399 ¾, and December futures added 1 ¾ cent to 419 ¾.

  • The U.S. drought monitor maps released on Thursday morning show an increase of dry conditions in the eastern Corn Belt. As of August 2, 9% of corn acres were in some form of drought, up 4% from last week. The dry conditions will likely limit the top side in corn production for the second straight year.

  • Weekly ethanol production increased last week to 316 million gallons/day for the week ending August 29. A total of 107 mb of corn was used last week for ethanol production. This is very close to the pace needed to reach the USDA target for the marketing year, which ended on August 31.

  • USDA will release weekly export sales on Friday morning. Expectations are for 2025-26 sales to range from 900,000-2.2 MMT. Current exports sales are nearly double last year and the second-best start in sales in the last 25 years for this time frame.

  • Below normal temperatures are forecasted for the northern Corn Belt this weekend as overnight low temperature could push toward the freezing mark. If some frost was to occur, it could limit the final development of the corn and soybean crops in those areas.

Soybeans

Soybeans Action Plan Summary

2025 Crop:

  • Plan A:

    • Exit one-third of 1100 call options at 1085 vs November.

  • Plan B:

    • No active targets.

  • Details:

    • Sales Recs: Two sales recommendations made to date, with an average price of 1040.25.

    • Changes:

      • A Plan B target has been added to exit one-quarter of the January 1040 puts options has been removed.

2026 Crop:

  • Plan A: No active targets.

  • Plan B:

    • A close over 1161 resistance vs Nov ‘26 and buy call options (strikes TBD).

  • Details:

    • Sales Recs: Zero sales recommendations made so far to date.

    • Changes:

      • None.

      • Resistance for the macro trend sits at 1161 vs November ‘26. A close above 1161 would signal a potential shift to a macro uptrend, triggering a call option purchase.

To date, Grain Market Insider has issued the following soybean recommendations:

  • Soybeans ended the day higher, surging back from earlier morning lows along with the rest of the grain complex. November soybeans gained 1-1/2 cents to $10.33 while March gained 1-1/4 to $10.67. October soybean meal gained $2.50 to $280.10 and October soybean oil gained 0.07 cents to 51.51 cents.

  • Yesterday, Allendale projected that the national soybean yield would come in near 53.28 bpa with production at 4.27 bb. This would be slightly below the USDA estimate which will likely be updated in next week’s WASDE report. The USDA’s last yield projection was 53.58 bpa.

  • Chinese soybean demand stays absent from the U.S. market, limiting prices. China has been an active buyer of both old and new crop soybeans out of South America this week. It was reported that China logged purchases on soybeans from Argentina yesterday.

  • U.S. soybean crushings were seen at 204.8 million bushels in July which was up 5.9% from the same period last year and above June crushings of 196.9 mb. This strong domestic demand should be supportive relative to slow export demand.

Wheat

Market Notes: Wheat

  • Wheat futures ended lower across all three classes, unable to join the recovery seen in corn and soybeans. The absence of fresh news and a firmer U.S. dollar pressured prices. December Chicago closed 2-1/2 cents lower at 519-1/2, while December Kansas City lost 4 cents and December MIAX lost 2-3/4 cents to 506-1/4 and 570-1/4, respectively.

  • Ukraine, which is getting ready to plant winter wheat, has seen good rainfall through late August in the central, southern, and eastern growing regions. This has helped to create adequate soil moisture and agreeable conditions to get the crop off to a good start.

  • Alongside a recent increase to the Australian wheat crop production estimate from ABARE, LSEG commodities research has also upped their projection. Their forecast for the 25/26 crop was raised 7.3% to 32.3 mmt. Widespread rains in July and August were cited as the reason for the increase.

  • A memorandum of understanding was signed between Israel and Moldova in regard to joint wheat cultivation. Reportedly, Israel will provide seed and knowledge, while Moldova will provide land, water, and labor. This is said to be part of Israel’s strategy to increase food security.

  • According to their ministry of agriculture, in Saskatchewan (Canada), the spring wheat harvest is 14% done as of the beginning of this month. Total production is anticipated to be above the five-year average, despite expectations for slightly lower yields.

2025 Crop:

  • Plan A:
    • Target 25 vs December for the next sale.
  • Plan B:
    • Buy call options if December closes over 633.50 macro resistance.
  • Details:
    • Sales Recs: Five sales recommendations made to date, with an average price of 646.
    • Changes:
      • None

2026 Crop:

  • Plan A:
    • Target 601.75 vs July ‘26 for the next sale.
  • Plan B:
    • No active targets.
  • Details:
    • Sales Recs: One sales recommendation made to date at 624.
    • Changes:
      • The Plan A target has been lowered to 601.75.

To date, Grain Market Insider has issued the following Chicago wheat recommendations:

2025 Crop:

  • Plan A: No active targets.

  • Plan B:

    • Buy call options if December closes over 653 macro resistance.

  • Details:
    • Sales Recs: Five sales recommendations made to date, with an average price of 618.

    • Changes:

      • None.

2026 Crop:

  • Plan A:

    • Target 647 vs July ‘26 to make the first cash sale.

  • Plan B:

    • No active targets.

  • Details:
    • Sales Recs: Zero sales recommendations made so far to date.

    • Changes:

      • The 656 target has been lowered to 647.

To date, Grain Market Insider has issued the following KC recommendations:

2025 Crop:

  • Plan A: No active targets.
  • Plan B:
    • Buy KC call options if December KC closes over 653 macro resistance (strikes TBD).
  • Details:
    • Sales Recs: Five sales recommendations made to date, with an average price of 646.
    • Changes:
      • None.
      • FYI – KC options are used for better liquidity.

2026 Crop:

  • Continued Opportunity – Sell a second portion of your 2026 Minneapolis wheat crop today.
  • Plan A: No active targets.
  • Plan B: No active targets.
  • Details:
    • Sales Recs: Two sales recommendations have been made to date, with an average price of 654.
    • Changes:
      • None.
      • FYI – KC options are used for better liquidity.

To date, Grain Market Insider has issued the following KC recommendations:

Other Charts / Weather

Above: US 7-day precipitation forecast courtesy of NOAA, Weather Prediction Center.

Above: Brazil and Argentina one-week forecast total precipitation courtesy of the National Weather Service, Climate Prediction Center.

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9-4 Midday: Weakness in Grains Continue at Midday

ByGrain Market Insider

Grain Market Insider Interactive Quote Board

  • Corn prices are softer at midday, following the rest of the grain complex lower. December futures are trading 1-3/4 lower to $4.30-00.

  • Allendale’s farmer survey showed corn yield is seen at 187.52 bpa with production at 16.631 billion bushels which if realized would be a record high output.

  • Argus Media has increased their corn production estimate for Ukraine by 4.4 mmt from the groups previous estimate to 31.3 mmt.

  • Soybeans continue to trade lower at midday, pressured by lower energy prices and lack of optimism of China demand for US soybeans. November beans are trading 5-1/4 lower to $10.26-1/4.

  • According to Rabobank, Brazil’s soy area is expected to expand by just 1.5% during the 2025/26 growing season. This compares the historical average soy expansion of 3.5%.

  • The agricultural brokerage firm, Allendale, released their soybean crop estimates for this year’s crop based on a farmer survey. Soybean yield is seen at 53.58 bpa while production is expected to reach 4.292 billion bushels.

  • All three wheat classes are weaker at midday, pressured by concerns that demand could start backing off as export competition increases. December Chicago what is trading 5-3/4 lower to $5.16-1/4.

  • LSEG has raised their Australian wheat production estimate to 32.3 mmt, up 7.3% from the groups previous estimate.

  • Rain fall is expected across the Southern Plains over the 7-10 days mostly driven by hurricane Lorena. This may cause some delays in harvest for the region.

Grain Market Insider is provided by Stewart-Peterson Inc., a publishing company.

Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing by Stewart-Peterson and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Stewart-Peterson Inc. Reproduction of this information without prior written permission is prohibited. Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed. Reproduction and distribution of this information without prior written permission is prohibited. This material has been prepared by a sales or trading employee or agent of Total Farm Marketing and is, or is in the nature of, a solicitation. Any decisions you may make to buy, sell or hold a position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to Total Farm Marketing.

Stewart-Peterson Inc., Stewart-Peterson Group Inc., and SP Risk Services LLC are each part of the family of companies within Total Farm Marketing (TFM). Stewart-Peterson Inc. is a publishing company. Stewart-Peterson Group Inc. is registered with the Commodity Futures Trading Commission (CFTC) as an introducing broker and is a member of National Futures Association. SP Risk Services LLC is an insurance agency. A customer may have relationships with any or all three companies.