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Grain Market Insight
Afternoon Grain Comments 9-21-2026 – The one story that overshadowed everything else today was hardly a surprise. China has officially agreed to sit down with President Trump between the 23rd and 25th of this month, and the market is leaning hard into hopes that real ag purchases come out of it, not just for soybeans but wheat, corn and meat too. The StoneX Market Intelligence (MI) called it “virtually one story that overwhelmed all others today.” Trump talked up “a lot of different deals” coming out of the meetings, and old talk of 17 billion dollars in ag purchases resurfaced, though China hasn’t confirmed any of it yet. China has hinted it is working toward that 25 million ton soybean purchase, but only half of it up front, and MI was quick to point out that is “not even to the level of a handshake obligation.” So there is real hope built into this market, but nothing signed yet. Corn had a strong week on the export front, with inspections of 1.94 million tons putting corn ahead of last year’s pace. Analysts figure only about 5 points of progress this week, putting the season total at 13%, with condition ratings expected to hold steady in this afternoon’s report. Wheat had a rougher week, with export inspections falling well behind last year’s pace and now running 2.8 million tons behind on the year. Winter wheat seeding picked up 8 points this week to 16% nationally. On the demand side, Egypt said it is looking to pull away from Russian and Ukrainian wheat and lean more on France and other European suppliers, and Pakistan is still working through the other half of its wheat tender. Beans had a middling week for export inspections, right in line with a year ago, and harvest is moving along at 12% complete. At the close today, cash corn was up 15 cents, cash wheat was up 11 cents, and cash beans were up 24 cents. Have a great rest of your evening.
Morning Grain Comments 9-21-2026 – The grains opened steady to better and rallied quickly during the session but none of the grains left gaps on their way to strong gains with wheat and soybeans spending time double-digits higher. The StoneX Quick Editorial (QE) this morning stated, “the grains shot higher on the open and hung onto gains overnight, holding fairly near the month’s move highs with the Midwest desperately in need of a drier weather stretch. Other than meal, most of the complex still does have a bit of room below record net spec long positions per Friday’s CFTC. Crop progress numbers will be highly anticipated this afternoon…” In world grain trade news, Pakistan purchased 13.4 million bushels of wheat in their tender for up to 27.6 mb. At the end of the night session at 7:45 this morning Kansas City December wheat was 7.25 cents higher, Chicago December corn was up 5.75 cents, and Chicago November soybeans were 10.5 cents higher. Have a wonderful day.
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September 21 A rain in the morning gave us 1.4 inches of rain in Sublette.?
September 19 / 20 Another overnight rain shower gave us another 0.1 inch of rain in Sublette.?
September 14 / 15 An overnight rain shower gave us another 0.1 inch of rain in Sublette.
September 10 A little rain shower in the early morning hours gave us about 0.1 inch of rain in Sublette.
September 4 & 5 A rain that started at about 7:45 Friday evening and lasted until about 3:00 Saturday morning gave us between 0.5 and 0.8 inch of rain in Sublette.?
August 28 A nice thunderstorm this morning gave us 0.4 inch of rain in Sublette.
August 24 Another early morning rain gave us another 0.1 inch of rain.