Morning Grain Comments 8-13-2026 – The grain markets were choppy overnight as the trade works through the aftermath of the August WASDE and ended the session mixed. The increase in corn and soybean acres while maybe not unprecedented, it certainly isn’t common, but that is the way USDA numbers can be as they give a little here, take a little there, and it all balances out, or not. As long as the strife continues in the Middle East and Black Sea region, the markets will be assessing the news to see if they need to add risk premium or if they can take a little out, although it really isn’t adding or removing risk premium, they are just not wanting to be behind where the market is going before it goes either direction. The export sales report this morning at 7:30 showed 16.2 million bushels of old crop corn sales and 36.4 mb of new crop corn sales. The soybean sales showed 2.8 mb old crop sales and 64.7 mb new crop sales. There were also 9.4 mb of wheat sales in the report and 130,000 bushels of milo sales. At the end of the night session at 7:45 this morning Kansas City September wheat was 3.5 cents higher, Chicago September corn was down 3.75 cents, and Chicago November soybeans were 3.25 cents lower. Have a wonderful day.
Afternoon Grain Comments 8-12-2026 – The morning rally maintained through the trading today after the August WASDE report was released. Wheat maintained its morning gains after the overnight attacks on the port of Novo by Ukraine. As the morning progressed corn and beans followed wheat with the release of the WASDE report. The USDA lowered their 26/27 corn yield from 182.4 bu/acre to 180.7 bu/acre. The states hit hardest by this estimate were SD, NE and ND. At the same time the government also increased their estimated acreage for both planted and harvested corn by 1.15 mln acres. The net result was an estimated increase in production! According to Stone X “The trade will take a few days to digest all the angles to this data but one item to consider is that Acreage is virtually fixed now,” “so the engine to produce grain is bigger than the market thought.” The USDA has not established a base yield yet as physical sampling begins in September when the test weight is closer to maturity. The last cog is this corn wheel is what will demand end up being? The USDA also added 1.4 mln harvested acres of beans to their calculation making it an easier path to higher overall production. On the world stage Stone X commented, “nothing changed, with the USDA confident in its South American estimates. At the close today Kansas City September wheat was up 22 cents, Chicago September corn was up 20 cents while Chicago November beans closed up 14 cents.
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