West Central Ag Grain Comments 09/30/26 7:30:53 AM
09/30/26
- Good morning. Overnight ag trade has been mostly in the green to begin wrapping up the month of September and ahead of today's quarterly USDA updates, though volume has again been on the lighter side so far amid minimal new input since the close yesterday. While balance sheets and supply and demand fundamentals will get a lot of attention between now and the end of next week, its ongoing disruptions in the Middle East and in the Black Sea that will continue to have more impact on prices longer term, along with whether or not China shows up for US grain purchases. There's also weather risk via El Niño in South America and inflation risk in the US, and the combination of all those things likely keeps the long side of the market more crowded than not into the end of the calendar year.
Corn futures to start Wednesday are trading 2-3 cents higher, soybean futures are trading 6-7 cents higher, and the Chicago wheat market is trading 4-6 cents higher.
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