West Central Ag Grain Comments 09/09/26 12:39:45 PM
09/09/26
- Good morning. Commodity markets to start Wednesday are trading largely similar to how they ended the day on Tuesday, with CBOT ag futures quiet and in relatively light volume ahead of the USDA's September WASDE update at the end of the week. Headline risk surrounding both of the ongoing wars remains present, but at least temporarily here, traders seem to be pressing the pause button on new bet placing until they get another round of crop estimates from the government on Friday and see whether or not ending stocks fall further. That said, barring new geopolitical headlines, position squaring and risk adjustment are likely to be the main trade themes the next couple sessions, with more two-sided, non-trending trade likely.
Corn futures at mid-week are trading 2-3 cents lower, soybean futures are trading 1-2 cents lower, and the Chicago wheat market is trading near unchanged but off the overnight highs.
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