Your Pro Farmer newsletter (Sept. 19, 2026) is now available

Soybean meal futures rallied to a series of 2 ½-year highs as domestic processors and end-users ran short on supply at the same time wet weather in the western Corn Belt delayed early harvest efforts. Meal strength buoyed soybean futures, while soybean oil, corn and wheat futures took cues from volatile crude oil prices, with WTI pushing back above the $100-a-barrel threshold. Corn traded sideways, with upside limited by early harvest pressure. A stronger U.S. dollar after a Fed rate hike and hawkish messaging also put pressure on grains. Cattle futures saw heavy selling late in the week amid lackluster cash trade ahead of Friday’s Cattle on Feed report and the planned reopening of a New Mexico port to feeder cattle imports. Lean hog futures slumped to a series of 15-month lows as the cash market weakened. We cover all this and more in this week’s newsletter.