Tuesday, September 22, 2026
Morning Markets: Corn: -3.25.
Beans: -5. Wheat: -7.75.
TFG is offering a drying incentive at ALL LOCATIONS through the end of day WEDNESDAY!
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. It's a classic turn-around-Tuesday this morning to start day two of the week at the board of trade, with yesterday's buyers now today's sellers as the choppy, back-and-forth price action seen the last couple weeks looks set to continue and has markets lower across the board this morning. Headlines and geopolitical chatter will remain a common theme, but until something physically changes regarding either Chinese demand for US grains or supply flows out of the Black Sea region, its still Midwest yields in our opinion, and the ensuing crop reports that reflect them, that likely continue to offer the best chance for a change in price trend in the short term, with this slowly transitioning then to El Niño and the start to the South American growing season in the intermediate term. Focus is rightly on China this week, but remember, this is a futures market, and without some groundbreaking new trade agreement, that focus is likely to shift elsewhere come next week. Corn futures to start Tuesday are trading 3-4 cents lower, soybean futures are trading 7-8 cents lower, and the Chicago wheat market is trading 8-10 cents lower.
Crude Oil is down $2.88 at $89.49
US Dollar is up at $100.46
Dow futures are up 331 points at 52,806
WEATHER:
OTHER HEADLINES:
EXPORT NEWS:
Be careful!
Bailey Runyen
Grain Originator | Topflight Grain Coop.
101 N. Main St. | Cisco, IL 61830
Phone :: 217-669-2141
Email :: brunyen@tfgrain.com
Morning Markets: Corn: -3.25.
Beans: -5. Wheat: -7.75.
TFG is offering a drying incentive at ALL LOCATIONS through the end of day WEDNESDAY!
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. It's a classic turn-around-Tuesday this morning to start day two of the week at the board of trade, with yesterday's buyers now today's sellers as the choppy, back-and-forth price action seen the last couple weeks looks set to continue and has markets lower across the board this morning. Headlines and geopolitical chatter will remain a common theme, but until something physically changes regarding either Chinese demand for US grains or supply flows out of the Black Sea region, its still Midwest yields in our opinion, and the ensuing crop reports that reflect them, that likely continue to offer the best chance for a change in price trend in the short term, with this slowly transitioning then to El Niño and the start to the South American growing season in the intermediate term. Focus is rightly on China this week, but remember, this is a futures market, and without some groundbreaking new trade agreement, that focus is likely to shift elsewhere come next week. Corn futures to start Tuesday are trading 3-4 cents lower, soybean futures are trading 7-8 cents lower, and the Chicago wheat market is trading 8-10 cents lower.
Crude Oil is down $2.88 at $89.49
US Dollar is up at $100.46
Dow futures are up 331 points at 52,806
WEATHER:
- Forecasts are little changed this morning from Monday's runs, with cooler air still expected to linger throughout much of the Midwest this week while heat stays pushed further to the south. Moisture-wise, a cut-off low in the southwest will push storms and rainfall through NM/TX and KS/CO and then further up into the northwestern Midwest by the end of the week, but central and eastern parts of the region look to stay on the drier side with little if any moisture in the forecast for the next 5-7 days.
OTHER HEADLINES:
- At the state level, the biggest gains in corn harvest progress continued to come in the south and southeast, with TN up 18% on the week, KY up 14% and NC up 13%; MO was up 9% to 32% complete, IL was up 8% to 16% complete, IN was up 5% to 7% complete. IA advanced just 2% on the week to 4% complete. For soybeans, AR advanced 15%, LA advanced 14%, and TN advanced 13%; ND gained 10% to 13% complete, IL gained 9% to 13%, and MN gained 7% to 8% complete.
- Russian companies are said to be repurposing fertilizer, coal, and other cargo terminals at the country's Baltic and Artic ports to try and handle increased grain exports, though officials still say figures for September are likely to be half of what they were the month prior. Moscow also formally zeroed export duties for grains through year-end, which helps with costs but does little to alter overall shipping constraints.
- Ukrainian President Zelensky again this week said that he was open to halting attacks on refinery and energy infrastructure but only after Russia agreed to do the same ahead of scheduled meetings in the US with President Trump on the sidelines of the UN General Assembly. The comments echo those made earlier this month that have seemingly had little impact to this point on the overall situation.
- Oil prices are again trading lower this morning on headlines that President Trump allegedly held back strikes on the Houthis and that he had again signaled a willingness this week to engage in talks with Iran over the reopening of the Strait of Hormuz. Houthi leaders also seemed to signal a willingness to negotiate, but at the same time, threatened retaliation for recent strikes carried out by Saudi Arabia.
- Though much of the early focus seems to remain on AI and other related technological issues, sources from the US and China said the two sides are reportedly negotiating tariff exemptions for things like ag products, medical supplies and some basic electronics though additional details were lacking. Bessent said he would present Trump with an AI agreement proposal and that a decision was expected on it sometime this week.
- In Brazil, AgRural's weekly crop update showed soybean planting across the country at 1.2% complete as of last week, up from 0.4% a week ago and 0.9% as of the same date last year. First crop corn planting was seen at 27% complete, also ahead of the 25% seen through the same day last year.
- Shipping data from Argentina shows the country exported more than three million tons of soybean oil during the first five months of 2026, setting a new record for the period largely on increased demand from the world's number one buyer India. Meal exports have also been exceptional, with data showing shipments already running more than a million tons above average; August exports specifically were seen at 2.91 MMTs, which was a twelve month high.
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
