Morning Markets: Corn: +5.75.
Beans: +10.50. Wheat: +7.50.
TFG is offering a drying incentive at ALL LOCATIONS through the end of day TODAY!
2 1/2 cents per pt of moisture up to 30%. Regular rates above.
Harvest hours will be used as needed!
TFG Customer Appreciation Lunches start THIS WEEK!! 11:30-1:30 pm!
Come get a pork chop!
THURSDAY ~ Milmine
FRIDAY ~ Tabor
9/28 ~ Pierson
9/29 ~ Emery
9/30 ~ Cisco
10/1 ~ Johnston Siding
The United Church of Atwood will be serving pork chop lunches Saturday, 10/3 from 11am-1pm in Pierson by free-will donation!
MARKET SUMMARY:
Good morning and welcome to "China week." After selling off to end the week last week, CBOT ag markets are mostly in the green this morning to start Monday ahead of the next round of US-China trade negotiations, which are scheduled for Thursday and are expected to produce added trade risk over the next several days. The meetings aren't the only thing going on this week, as developments in both the Middle East and the Black Sea region will continue to influence markets, along with the expanding Midwest harvest in the US, but from a headline standpoint, it's likely China and developments in relations there that drive money flows beyond mid-week. Amid the expected uptick in volatility in the coming days, we would stress risk management as as good of trading strategy as any, and would caution against chasing large price moves in either direction amid what continues to be a convoluted fundamental ag backdrop. Corn futures to start the week are trading 4-7 cents higher, soybean futures are trading 8-10 cents higher, and the Chicago wheat market is trading 7-10 cents higher.
Crude Oil is down $3.02 at $93.06
US Dollar is up at $100.28
Dow futures are up 426 points at 52,505
WEATHER:
- Following what was a wetter week for a lot of the upper Midwest last week, models have a calmer few days in store for most of the region this week while temperatures are seen dipping to more seasonal levels. Radar this morning has additional scattered precip possible for parts of NE and IA the next 24-48 hours but totals look to be generally light, with rains then expanding into the back half of the week and weekend again as southwest flow pushes storm systems through the mid-section of the country.
OTHER HEADLINES:
- Friday afternoon's Commitment of Traders report from the CFTC for the week ending September 15th showed managed money traders in the week were buyers of 1,672 contracts of corn (+426,842), sellers of 21,321 contracts of soybeans (+244,710) and were sellers of 8,969 contracts of Chicago wheat (-4,706). In the soy products, funds were buyers of 25,988 contracts of meal (+185,546) and buyers of 9,126 contracts of oil (+110,894); this is another new record long position in the meal.
- Also out Friday afternoon was monthly cattle on feed data from the USDA; the report showed the US feedlot herd as of September 1 at 11.163 mil head, up 1% from a year ago, while placements in the month came in down 9% from last year at 1.617 mil head and marketings came in down 3% from a year ago at 1.519 mil head. Both the placements and marketings figures were the lowest for August since recordkeeping began in 1996.
- Roberto Perosa, the president of Brazilian meat exporter association Abiec, said last week that Brazil beef exports to the EU could resume sometime during the first half of 2027, but added that it would be a slow process due to new proof of compliance requirements that began when the animal is born. Sales were suspended in early September after the EU identified problems with Brazil's controls over antimicrobial use in livestock.
- Brazil's soy crush group Abiove said last week that the country's 2026 soybean exports were now likely to only reach 115 MMTs, down around 400k MTs from a previous estimate due to increased purchases of supplies from the US; the figure would still be up some 6% from 2025. The group also raised its crush estimate 0.3% from a previous forecast to 63.5 MMTs, which would be the highest figure on record.
- Country-specific Chinese customs data shows the country's imports of US soybeans during the month of August totaled 200,477 MTs, which was down 12% from the same month a year ago; total imports from the US during the first 8 months of the year are seen at 10.66 MMTs, which is down 34% from the same period in 2025. Meanwhile, August imports from Brazil were seen at 10.61 MMTs, up around 1% from the year prior, while cumulative 2026 shipments are seen up 5% at 55.14 MMTs.
- Egypt, one of the world's largest buyers of wheat, said over the weekend that it was diversifying its purchasing of the grain towards France and other EU suppliers, moving away from Russia and Ukraine as disruptions there remain ongoing. Egypt is said to have also increased engagement with Romania and Bulgaria.
EXPORT NEWS:
- N/A
Be careful!
Bailey Runyen
Grain Originator | Topflight Grain Coop.
101 N. Main St. | Cisco, IL 61830
Phone :: 217-669-2141
Email :: brunyen@tfgrain.com
