West Central Ag Grain Comments 09/25/26 8:52:27 AM
09/25/26
- Good morning. Happy Friday. Markets are lower to start wrapping up the week, with selling largely the result of disappointment related to yesterday's China meeting, as there were no ag purchase commitments announced and the status quo between the world's two largest economies seems to be mostly unchanged. Traders will still be watching for a White House fact sheet regarding the meetings to be released sometime over the weekend or early next week, but at least for now, relative disappointment is combining with some measure of Friday farmer hedge selling to drive prices lower into the weekend. Beyond China, traders will also have the USDA's quarterly stocks update to contend with next week, which looks to be the next fundamental market-maker.
Corn futures to start Friday morning are trading 11-12 cents lower, soybean futures are trading 15-17 cents lower, and the Chicago wheat market is trading 16-19 cents lower.
|
|