Grain Comments 08-24-2026

Good morning. Overnight ag trade has been a bit of a mixed bag to get the new week started in Chicago, with the grain markets trading firmer on the bullish Pro Farmer yield estimate and ongoing risk assessment in the Black Sea, while the soy complex is mostly in the red on the same Pro Farmer findings and a general risk-off attitude in global energy markets that has spilled into the bean oil. It’s a new week, but with the harvest season now dead ahead, we see trading themes the next several days as continuing to be largely similar to those seen since the start of the month. Pro Farmer has obviously opened the door for increased volatility out of the USDA in the months ahead, but in the meantime, global geopolitics and trader-based crop assessments are going to continue to be the center of most conversations, along with Chinese President Xi’s visit to D.C. that is now just a month away.

Corn futures to start Monday morning are trading 11-13 cents higher, soybean futures are trading 3-6 cents lower, and the Chicago wheat market is trading 11-14 cents higher; Dec corn has made new contract highs overnight