West Central Ag Grain Comments 09/01/26 11:04:34 AM
09/01/26
- Grain markets are mixed this morning with soybeans higher and corn lower. Front-month SX26 made a fresh high above $13/bu at $13.06 ¼, officially putting “beans in the teens” after the market reacted positively to RVO news. President Trump is slated to meet with U.S. oil refiners today who oppose a good portion of the RVO items. CZ26 also made a fresh high of $5.43 ¾ overnight but has since backed off roughly 7c/bu. Corn spreads are weaker while soybean spreads are firmer.
- Yesterday’s Crop Progress report showed corn conditions unchanged at 57% good/excellent. Soybean ratings slipped 2% to 58% good/excellent. Some deterioration in crop ratings is fairly typical as we get closer to harvest.
- Corn harvest is underway in some areas south of Springfield, IL, with terminals beginning to run harvest hours and reports of corn coming out of the field as low as 17% moisture. Forecasts call for temperatures in the 90s with limited rain chances over the next week, which should push the crop along quickly. Corn harvest looks to be approaching fast, while soybean harvest still feels a few weeks away with many fields remaining green.
- Today marks the beginning of the new ’26-’27 marketing year for corn and soybeans. The Grain Crushings and Fats and Oils reports will be released this afternoon at 2 p.m. and will provide July soybean crush and ethanol production numbers. Have a great Tuesday, and feel free to reach out with any questions.
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