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Gary's Blog 09/15/26 1:48:32 PM
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9-14-26
Harvest Progress
TW LW
Corn 8% 5%
Beans 6% N/A
9-15-26
Soybeans led the way 14 cents higher today while corn and wheat followed along. CONAB (South Americans version of USDA/NASS) released their 2026-27 production estimate which came out surprisingly low. This comes on the heels of a possible super el Nino when global supplies need to expand (to meet demand) not contract. The first local bean yields were in the upper 60s/low 70s but mother nature is about to halt any field work for a while. Heavy rains over the next 7 days could produce 1-3 inches locally but 5-8inches across IA/IL/WI/MI. Harvest will be pushed back into October the way it looks today.
9-14-26
Harvest has officially started here in NW Ohio with early group 2 beans being cut. Hand shelled corn moistures are in the 25-30% range. The soy market recovered somewhat today after Fridays lashing while corn hung around unchanged. Last week’s CFTC report showed a new record long position in corn/soybeans held by the Funds. Wet weather is set to blanket the central US with 4-8 inches of rain slated for IA/W/IL/MI. This will halt any harvest activity out there with Ohio being on the edge. (1-2inches) The market will be more sensitive to yield reports as they become available.
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