Grain markets built on August’s bullish momentum, with contract and multiyear highs for wheat, corn and soybeans. The wheat rally ran into heavy profit-taking after midweek on talk of renewed Russia-Ukraine peace efforts that could ease export bottlenecks. That pulled down corn, but dip buyers cushioned the blow, with firmer energy prices providing a tailwind alongside solid demand. Soybean futures saw a relief rally early in the week following EPA’s SRE announcement. Deterioration in crop conditions and strong, steady demand from China also provided further support. Cattle futures stabilized on a round of solid short-covering and bargain hunting. Lean hog futures consolidated after a short-covering bounce, with cash markets remaining firm despite lackluster cutout performance. We cover all this and more in this week’s newsletter.
Your Pro Farmer newsletter (Sept. 5, 2026) is now available.
View newsletter here.
(ProFarmer)