Morning Update

October 23, 2026 Grain Overview The grain trade is mixed ahead of the weekend, with soybeans holding in the green as the market wonders, can we make it 8? Yesterday marked the 7th straight day of USDA flash sales, and export sales were on fire! Both corn and soybeans hit marketing year highs, with soybean…

October 22, 2026 Grain Overview Grain futures stayed mostly mixed overnight, with wheat futures remaining the weakest link. Black Sea developments continue to pressure wheat prices as traders anticipate a possible agreement to reopen grain shipping. Putin has agreed to resume U.S.-mediated peace talks, possibly around November 10, but has not agreed to reopen shipping…

October 21, 2026 Grain Overview Corn, soybeans, and wheat traded lower again overnight as buying interest remains limited. Managed money continues to favor outside markets, particularly energy, while a lack of fresh news keeps traders away from grains. Grain futures are becoming oversold, but that has yet to attract meaningful buying. South American weather remains…

October 20, 2026 Grain Overview The overnight grain trade turned firmer as French milling wheat returned sharply higher overnight, gaining €4.00/MT again, throwing support to our wheat market, which has gone to a discount, and Euronext corn gained €2.00/MT to 294.75, heading back higher again after both went through a two-day correction from last week’s…

October 19, 2026 Grain Overview Grain futures opened soft Sunday evening and quickly turned mixed, with wheat trying to lead. A sizable reduction in the Australian crop outlook helped support wheat. Meanwhile, talk of peace continues as the war in the Black Sea region goes on. Somehow, the talk of Pres. Trump, Putin, and Xi…

October 19, 2026 Grain Overview Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:8.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:12.0pt; font-family:”Calibri”,sans-serif; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:”Times New Roman”; mso-bidi-theme-font:minor-bidi; mso-font-kerning:1.0pt; mso-ligatures:standardcontextual;} Grain futures opened soft Sunday evening and quickly…

October 16, 2026 Grain Overview Thursday’s soft close carried right into the overnight session as seasonal hedge pressure continues to build. Managed money is showing little interest in commodities, even with the US dollar down more than 1% from Wednesday’s high. Without much fresh news to stir up buying interest, the grain trade continues to…

October 15, 2026 Grain Overview The overnight grain trade saw wheat and corn test yesterday’s lows before finding support, keeping this week’s consolidation above last Friday’s lows intact and constructive. Meanwhile, soybeans saw follow-through selling overnight after yesterday’s poor chart performance, despite the first announcement of a large Chinese purchase of 470,000 MTs of beans….

October 14, 2026 Grain Overview After a sloppy overnight grain trade, soybeans caught a bid as soybean oil stabilized, helped by another strong crude oil market, with November crude up $1.70 at 95.85. Corn held near steady on slow reported harvest progress, while wheat has yet to find leadership from European values. Euronext continues its explosive…

October 13, 2026 Grain Overview Overnight trade was soft, but bids were found near yesterday’s lows in the grains, leading to a constructive recovery overnight. Social media is ablaze over USDA’s 181.2 BPA corn yield, with a large audience raising plenty of eyebrows following Friday’s 2.7 BPA increase, the largest October jump in 20 years….