Afternoon Grain Comments 8-11-2026 – Wheat was in the red during the day session with the volatility caused by opposing rumors between the Ukraine and Russia. The first being that the two sides were in discussion for a memorandum of understanding through Turkish mediation. The second came shortly after the first made its way around which was a denial Stone X called “somewhat tepid” so it did not put the first rumor down. In corn news, with steady national corn conditions shown in the Crop Conditions Report yesterday (overall G/E ratings holding at 61%) and the rumor of a possible memorandum of understanding between Ukraine and Russia most of the session saw pressure to sell. At the close today Kansas City September wheat was down 15 cents, Chicago September corn and milo were both down a penny while Chicago November beans closed down 11 cents. Tomorrow is the scheduled release of the August WASDE report at 11:00. Have a great evening.
Morning Grain Comments 8-11-2026 – The grain markets opened mostly steady with soybeans a bit higher with all of the grains having a two-sided night session but values fell late in the session with wheat hitting its session low in the last 5 minutes of the session. The StoneX Quick Editorial (QE) this morning stated, “the grain markets are looking towards tomorrow’s reports…” The crop progress report yesterday afternoon showed a steady national corn good/excellent rating but there were some big drops in Wisconsin and North Dakota which were both down 10 points from last week. The soybean condition actually improved 1 point nationally to 63% g/e. The August WASDE is scheduled for release tomorrow morning at 11:00. At the end of the night session at 7:45 this morning Kansas City September wheat was 9.5 cents lower, Chicago September corn was down 1.75 cents, and Chicago November soybeans were 4 cents lower. Have a wonderful day.
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