Afternoon Grain Comments 8-5-2026 – The grain markets ended the day similar to the end of the night session, just a little bit more. Wheat was a bit lower, corn and soybeans were a bit higher than where the night session ended. The StoneX afternoon corn comment stated “Corn traded slightly higher and continued to defend the 50% retracement of the July move today. Markets are generally sizing up the recent rainfall and awaiting private yield estimates ahead of the Aug 12 WASDE report. Export sales today were poor for old crop corn as we wind down the marketing year with corn totaling just 4.6 million bushels. New crop corn sales totaled 40.4 million bushels with Mexico & South Korea among the list of destinations.. and will continue to be watch closely as the France & general EU corn crop could leave some destinations looking to fill in corn demand this Fall. The EU is typically the 5th largest producer of corn globally (52 MMT), but may slip below #6 India if the crop continues to deteriorate.” The wheat market didn’t seem to have a reason for being lower since the strife between Russian and Ukraine hasn’t let up but it was. At the close today cash wheat was 14 cents lower, corn and milo were 2 cents higher, and soybeans ended the day 3 cents higher. Have a great evening.
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.
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