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As expected no changes to projected U.S. corn and soybean yield just yet from the USDA. They stick with June's numbers for now

2025/26 corn and soybean stocks tightened a little more than expected. Paired with projections on new crop, December corn and November soybeans each trading about 6-7 cents higher on the day
 
No surprise seeing the USDA lower projected U.S. wheat production a little more than expected with HRW and SRW while not as much an anticipated across all classes
 
 

The USDA lowers projected global stocks across the board versus July. World corn stocks take the biggest hit downward

The USDA raises corn production narrowly while adding 40 million soybean bushels to projections

The USDA tightens U.S. ending stocks for '26/27 corn and wheat while leaving soybeans unchanged from last month

3rd straight day of flash soybean sales to China, another 9.7 million bushels...

Private exporters reported sales of 264,000 metric tons of soybeans for delivery to China during the 2026/2027 marketing year

Selected grain contracts at settlement...

Wheat was the lone bright spot in the grain markets today as it has international weather concerns that haven't subsided...

Dec CORN: down 4¼ cents to $4.52

Nov SOYBEANS: down 10¾ cents to $11.81½

Sep WHEAT: up 12 cents to $6.19¾

No split performance in the cattle markets today, just a pullback for both live and feeder prices...

August live cattle fell $2.37½ to $235.25 while August feeder cattle dropped $5.90 to finish at $356.15

9.4 million combined soybean bushels to China and unknown...

Private exporters report 136,000 MTs of soybeans for delivery to China in the 26/27 marketing year and 120,000 MTs of soybeans for delivery to unknown destinations in the 26/27 marketing year

 

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