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Gary's Blog 09/24/26 12:45:43 PM
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9-21-26
Harvest Progress
TW LW
Corn 13% 8%
Beans 12% 6%
9-24-26
The grain trade has been stale this week with modest losses at midday. A slow opening of the strait was touted today by Iran but there is little to back it up. Oil dropped on the news, but the US and Iran would have to make giant strides politically for this to even be possible. Wet,wet,wet is the forecast for the WCB with up to 6 inches possible over the next 10 days. Quality issues are going to become a major concern while the delay in harvest will leave end users high and dry. In today’s midday maps the rain is forecasted to stop at about the OH/IN line. Harvest looks to pick back up here by Sunday/Monday.
9-23-26
So far, the big meeting has been anticlimactic in the markets eyes as futures slump for the second day in row. Its all about headlines in the grains and we haven’t seen China come to the table yet for non-soybean ag goods. Black sea headlines dominate the wheat market and hope for safe grain passage has had futures in retreat. This is doubtful to many as neither leader wants to be seen as “weak” or “giving in.” Combines remain parked because of the wet weather. Next week looks like the real “beginning” of harvest here in northwest Ohio.
9-22-26
Grains are choppy heading into the close with only soybeans showing a little bit of willingness to trade into the green. Lack of harvest progress and the big US/China talks are just a few days away have traders sitting on the sidelines for now. The Sept stocks report will be released next Wednesday. The weather looks like it will shape up once we get past Wednesday with a nice long dry stretch ahead. Harvest delays have kept old crop premiums around as end users look to bridge the old/new gap. Harvest is right around the corner please watch the website for updated hours.
9-21-26
Market bulls came out in full force today with all 3 grains posting solid gains. Extremely wet conditions have caused harvest delays across the Midwest the past few days. Early yields have been disappointing for most. The big news story this week will be the US/China meeting on Thursday. Bulls are hopeful this will solidify the 25mmt soybean and 17 billion in other Ag goods deals. If for some reason this meeting would get cancelled/delayed the market would be vulnerable to a step sell-off.
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