Franklin Delano Roosevelt was elected President on this day in 1936; it was his _______ term…
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Grain Market Insight
Afternoon Grain Comments 11-03-2026 – Corn closed lower again today, with December down about 5 and three quarter cents. StoneX put out its final yield survey today at 183.1 bushels an acre, up 1 from last time. That would push the carryover to around 2.35 billion bushels. The StoneX Market Intelligence (MI) said “it may be the fear that its 185+ that suppresses values to the level where they are today.” Funds kept selling, with an estimated 10 to 15 thousand contracts sold off today. Harvest is about 74% done, a little behind the 77% average, but the market sees the crop as nearly in the bin. One good sign is that processor basis is firming up now that the rush of selling has passed. Brazil also raised its corn crop estimate to about 146 million tons, up 8 and a half million from a year ago. Beans closed a little lower, with November down about 1 and three quarter cents. StoneX is calling for a record national yield of 55 bushels an acre. If USDA agrees, the carryover would grow to almost 480 million bushels and that would weigh on prices. Wheat closed lower, with Kansas City down about 9 and three quarter cents. Russia says peace talks with Ukraine are back on for mid-November in Abu Dhabi. MI said that “put wheat back on its heels” because a deal could free up Black Sea grain sooner. Winter wheat planting is 83% done. The first condition ratings came in at 44% good or excellent. That was below what the trade expected, but still better than the average of 42%. StoneX also ran the numbers for the Southern Plains next year, and wheat is the only crop losing money after cash rent, about $50 an acre, while milo, beans and corn all show a profit. That could mean fewer wheat acres. At the close today, cash corn was down 6 cents, cash wheat was down 10 cents, and cash beans were down 3 cents. Have a great rest of your evening.
Morning Grain Comments 11-3-2026 – The grain markets ended the night session lower with wheat and corn posting session lows in the last hour of the session and Kansas City December wheat ending at the session low. The StoneX Quick Editorial this morning stated “beans led overnight trade volume but held up above yesterday’s low, while Chi wheat consolidates heavily above the $6/bu mark; the trade will be keenly interested to see if StoneX kicks off the November round of corn and soybean yield estimates with continued numbers that exceed the current USDA...” In world grain trade news, Jordan did not make a purchase in their most recent tender for up to 4.4 million bushels o milling wheat but CAPI purchased 2.6 million bushels of corn from either South Africa or South America. At the end of the night session at 7:45 this morning Kansas City December wheat was 8 cents lower, Chicago December corn was down 3.25 cents, and Chicago January soybeans were 1.5 cents lower. Have a wonderful day.
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November 3 Rain in the early morning hours gave us 0.3 inch of rain by 5:00 a.m.
November 2 A quick moving rain shower moved through during the early morning hours but less than 5/100 inch in the gage but rain during the evening gave us 1.6 inch of rain in Sublette.
October 30 Just another 0.1 inch received in Sublette.
October 27 The rain may have started on the 26th but it rained into the early morning hours of the 27th giving us a long 0.1 inch of rain in Sublette.
October 25 & 26 About 0.1 inch of rain before 5:00 p.m. Sunday then another 1.6 inch from that time to 7:00 a.m. on Monday with it still raining.
October 14 Mist during the day gave way to showers in the evening with 0.2 to 0.4 inch of rain landing in Sublette.
October 1 Rain starting in the afternoon put 2.3 inches of rain in the gage by 4:30 with rain still coming down.
September 29 & 30 A morning rain starting around 8:30 on Tuesday gave us 0.1 inch of rain in Sublette, another 0.1 inch in the early evening, then the rain started again around 7:00 p.m. with another 1.25 inch overnight to 6:30 on Wednesday morning for about 1.45 inches and another 0.4 inch by 10:00, and another 0.2 by noon for a total of 2 inches.
September 25 A rain that started late morning and rained into the afternoon gave us another 0.2 inch in Sublette.
September 24 A rain shower gave us another 0.1 to 0.2 inch of rain in Sublette.?
September 23 Rains during the day gave us 0.25 to 0.3 inch of rain in Sublette.
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.?
