Morning Grain Comments 8-12-2026 – The night session ahead of a WASDE report usually doesn’t have much excitement but evidently Ukraine launching attacks on the port of Novo adds some as wheat bounced 29 cents higher at one point during the session and left a penny gap while corn and soybeans both traded both sides of Tuesday’s closes but were higher much of the session. The StoneX Quick Editorial (QE) this morning stated, “the grain markets are digesting war headlines as the war on commodity logistics persists…” Mike O’Dea stated in an email this morning “If we get a surprise today it would be w higher acres/yields for corn and higher yields on beans, the Aug report does have a history of the USDA making changes to both, the corn acres one is the outlier for now, we continue to hear just more acres got planted, now the last few weeks has smoked the W corn crop but the east looks good.” At the end of the night session at 7:45 this morning Kansas City September wheat was 21.25 cents higher, Chicago September corn was up 3 cents, and Chicago November soybeans were 3.75 cents higher. Have a wonderful day.
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.
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