West Central Ag Grain Comments 08/19/26 7:52:12 AM
08/19/26
- Good morning. Overnight trade to start Wednesday has been rather reminiscent of that seen a day ago, with the soy complex leading what has been a generally higher session so far at mid-week amid more estimated crop losses from Pro Farmer and still saturated fields across large sections of the Midwest. Weather premium has, to this point in the season, been mostly a grain market feature, but following the wettest start to August on record in some places, traders are now adding premium to the other side of the market as well and this has been a lot of the reason for the week's buying. We would caution that this weather premium can disappear just as quickly as it showed up, but its likely going to take a shift back to some warmer/sunnier days now into September before that happens.
Corn futures at mid-week are trading 2-3 cents higher, soybean futures are trading 8-11 cents higher, and the Chicago wheat market is trading either side of unchanged. - Day two of the Pro Farmer crop tour yielded similar results to day one, with scouts finding crop prospects in both IN and NE that were down from both last year and the recent three-year average. Like day one, hot/dry conditions in the west and wet conditions in the east were the themes of the day
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