Corn is mostly 2 to 3 cents lower.
- Corn futures are facing spillover pressure from USDA’s quarterly Grain Stocks report and selling in soybeans.
- The Trump administration has told Germany and France to draw down emergency diesel inventories to help to ease global fuel prices or face a potential US diesel export ban,Reuters reported, citing three people close to the discussions. The U.S. wants the European Union to release 120 million barrels of diesel, according to one source, the report said.
- USDA reported weekly corn sales totaled 536,000 MT during the week ended Sept. 24 for 2026-27. Net sales were within analysts’ pre-report range of expectations from 500,000 MT to 1.3 MMT.
- Remnants of Hurricane Polo brought more excessive rain to eastern Nebraska and west-central Iowa overnight and the greater rain will shift east through other parts of Iowa and neighboring western Corn Belt crops in Missouri, Kansas, Illinois and Wisconsin, cause more fieldwork delays and raising concern around crop conditions, states World Weather Inc.
- China is reiterating plans to expand domestic grain capacity—targeting 725 million tons by 2030—to ensure supply security against global volatility and growing domestic demand,the South China Morning Post reported Wednesday. Agriculture and Rural Affairs Minister Zhang Zhu noted Tuesday that while staple grains are ample, feed grains like corn remain tight and foreign soybean dependence stays high for edible oil and livestock feed, emphasizing that “the string of food security must always be kept taut.”
- December corn futures have edged below the key $5.00 level, with additional support at $4.90 ¾, which is backed by the 100- and 200-day moving averages, layered at $4.84 3/4 and $4.78 1/4.
Soybeans are 16 to 17 cents lower, while meal is around $6.50 lower. Soyoil futures are 150 points lower.
- Soybeans have marked a for the move low along with meal futures as demand concerns loom after last week’s meeting between President Trump and Xi.
- The third quarter is in the books and global agriculture prices booked their biggest quarterly jump since Russia’s invasion of Ukraine in early 2022 as measured by the Bloomberg Agriculture Spot Index. The index which tracks 10 key crops from coffee to soybeans rose 13% in the quarter, the biggest rise since the quarter ending March 2022,Bloomberg reported.
- USDA reported net soybean sales totaled 1.034 MMT during the week ended Sept. 24 for 2026-27. Net sales topped the expected pre-report range between 850,000 MT to 1.0 MMT.
- Rain coming to Brazil in the next ten days will support more aggressive planting, although it is likely to become too wet in the interior south, delaying fieldwork and possibly raising potential for replanting, notes World Weather Inc.
- November soybeans are facing support at $12.76 1/4, which is backed by the 40-day moving average, trading at $12.70 1/2. Initial resistance stands at $12.98, which is backed by the 10- and 20-day moving averages, layered at $13.06 3/4 and $13.10 1/2.
Winter wheat futures are chopping around unchanged while HRS futures are unchanged to a penny higher.
- Wheat futures are weaker amid continued technical selling.
- Estonia has banned the transit of Russian and Belarussian grain through its territory, Estonian Foreign Minister Margus Tsahkna said Thursday,according to Reuters. The move comes after reports last month said Russian companies were repurposing fertilizer, coal and other cargo terminals at Russia’s Baltic and Arctic ports to handle grain exports after Black Sea shipments were disrupted by Ukraine drone attacks.
- USDA reported weekly wheat sales totaled 289,300 MT during the week ended Sept. 24, up 8% from the previous week and 5% from the four-week average. Net sales were within the pre-report range of 250,000 to 450,000 MT.
- December SRW wheat futures have edged below support at the 100-day moving average, with next support at $6.65 3/4.
Live cattle are lower while feeders are lower at midsession.
- Cattle futures are weaker in consolidative trade, with technical support curbing seller interest.
- The third quarter is in the books and global agriculture prices booked their biggest quarterly jump since Russia’s invasion of Ukraine in early 2022 as measured by the Bloomberg Agriculture Spot Index. The index which tracks 10 key crops from coffee to soybeans rose 13% in the quarter, the biggest rise since the quarter ending March 2022,Bloomberg reported.
- USDA reported beef sales totaled 14,500 MT for 2026, up 55% from the previous week and 29% from the four-week average.
- December live cattle are being supported by the 10-, 20- and 40-day moving averages, layered from $220.94 to $219.11.
Hog futures are lower at midmorning.
- Lean hog futures have marked a fresh near-term and for the move low amid extended technical selling.
- The CME lean hog index is up a penny to $80.95 as of Sept. 29.
- The pork cutout value fell $2.82 to $84.95 amid declines in all cuts. Movement totaled 354.8 loads.
- USDA reported weekly pork sales totaled 35,300 MT for 2026 during the week ended Sept. 26. Net sales were unchained from the previous week but up 10% from the four-week average.
- December lean hogs have marked a new contract low, with support at $67.89. Resistance stands at $68.92 and is backed by the 10-day moving average of $69.45.