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Gary's Blog 09/16/26 2:08:07 PM
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9-14-26
Harvest Progress
TW LW
Corn 8% 5%
Beans 6% N/A
9-16-26
It was a dull session on the CBOT with grains spending the majority of the day around unchanged. Fresh news was lacking and harvest has been put on hold by mother nature. We are a long way off from the next USDA report which won’t be released until Oct 9th. Interest rates rose 25 basis points as the Fed tries to cool inflation. Talk of a second-rate hike in the coming months was on the table as well. The DOW is off 500+ points as of this writing.
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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