West Central Ag Grain Comments 09/08/26 10:04:40 AM
09/08/26
- Good morning. Overnight ag trade to start the holiday-shortened week has been two-sided across the CBOT, with rallies in the corn and beans fading somewhat into the morning hours, while wheat futures are still up but some 15-20 cents off their highs. While harvest has crept closer the last several days across the Midwest, primary market inputs this morning - like they have for weeks now - still consist of developments both in the Black Sea between Russia and Ukraine and also in the Strait of Hormuz with the US and Iran. Fund traders have gotten heavily long the ag markets, but the ongoing presence of those two geopolitical situations should continue to support markets into the gut-slot of US harvest, which is still a ways away.
Corn futures to start Tuesday are trading unchanged to a penny higher, soybean futures are trading 2-4 cents lower, and the Chicago wheat market is trading 7-9 cents higher
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