West Central Ag Grain Comments 09/29/26 10:22:00 AM
09/29/26
- Good morning. Overnight ag trade has been two-sided to lower again following the sell-off seen across the space on Monday, with focus shifting away from the now-completed China meetings and towards the USDA's next fundamental updates due out tomorrow and late next week. While still undoubtedly good, demand at this point is largely known unless China comes in for corn/wheat purchases, which has brought crop size and the supply side of the market now back to the forefront. There aren't expected to be a ton of surprises in the data, at least as far as tomorrow goes, but position/risk adjustment will still likely be a feature today amid what remains heavy fund length and with some slower-moving spec traders probably still not out of positions that were on for developments last week.
Corn futures to start Tuesday morning are trading either side of unchanged, soybean futures are trading 2-3 cents higher, and the Chicago wheat market is trading 2-3 cents lower.
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