Morning Grain Comments 8-6-2026 – The grains all had a fairly mundane, two sided night session with all of the grains trading in negative territory around 7:00 then values recovered a bit then moved to the plus side after the export sales report. The StoneX Quick Editorial (QE) this morning stated, “trade volume was weak overnight with the grains mostly range-bound near lows; slightly higher crude oil provided support, with wheat up as a Russian attack killed one and injured three on a Ukrainian wheat ship. The grains remain mostly in the background through mid-week after three straight record closes for the Dow Jones Industrials, and a pair of three-plus-week lows for WTI crude oil before stabilizing overnight. On the fundamental side, rains continue in the heart of the corn belt and the forecast is beneficial…” The export sales report this morning showed 4.6 million bushels of old crop corn sales and 40.4 mb of new crop corn sales. The old crop soybean sales this morning were at 1.2 mb old crop and 33.2 mb new crop. Wheat sales were 10.9 mb and there were 360,000 bushels of milo sales. Overall, the export sales report this morning was not impressive but values improved after the release of the report. In world grain trade news, Algeria reportedly purchased 19.8 to 26.5 million bushels of milling wheat likely to come mostly from Bulgaria and Romania and China is expected to import milo from Brazil as Brazil reported that they will export over 15.7 million bushels of milo this month. At the end of the night session at 7:45 this morning Kansas City September wheat was 0.5 cent higher, Chicago September corn was even with yesterday’s close, and Chicago November soybeans were 0.75 cent higher. Have a wonderful day.
Afternoon Grain Comments 8-5-2026 – The wheat market was the bright spot today as the risk premium was revived by “a deadly Russian attack on the Ukrainian capital of Kiev overnight…” The StoneX afternoon corn comment stated “Corn dipped lower on the overnight open and gradually lost ground from there but held the 50% retracement in the December contract which lies at the $4.59 area. Widespread rains cross NE, IA, and IL overnight leaving multiple inches of precipitation across major growing areas. Forecasts going forward look to bring moisture to these same areas and work some into the Eastern SD over the 10 day. The US production side will continue to be debated up to and through the Aug WASDE next week, but corn demand continues to be robust on the other side of the balance sheet.” The soybean market looked to be under the influence of rains in the cornbelt and a weak crude market. At the close today cash wheat was 6 cents higher, corn and milo were down 5 cents, and soybeans ended the day 3 cents lower. Have a great evening.
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