Key Takeaways:
1 September corn stocks totaled 2.095 billion bushels, 171 million above expectations and 544 million above last year, providing additional cushion for the 2026/27 balance sheet and potentially adding near-term pressure to prices. June-August corn disappearance increased just 100 million bushels year over year to 3.20 billion, a relatively modest increase considering the substantially larger 2025/26 supplies. 1 September soybean stocks totaled 315 million bushels, 8 million below expectations and 10 million below last year, while June-August disappearance increased 9 percent to 744 million bushels, pointing to stronger late-season demand and the potential for higher crush or export estimates. If the resulting relative streng...
Markets are getting a quarter-end reality check as September comes to a close. Growth, inflation and interest rates remain central to the macro outlook, while tight diesel supplies keep pressure on the cost of moving goods. States are stepping in with relief, but policy changes alone cannot reb...
Russian Grain Markets: 21–25 September 2026 During the third week of September, the Russian grain market remained bearish. For the first time since 2018, average 3rd-grade milling wheat prices dropped below RUB 10,000/t. This poses a serious threat to the Russian agricultural sector, as l...
