TFM Midday Update 9-22-2026

CORN

Corn futures are giving back some of yesterday’s gains, following the wheat market lower. December futures are down 2-3/4 cents to $5.40-1/4, while March futures are 2-1/2 cents lower to $5.54-1/4.
Monday’s Crop Progress report showed corn ratings holding steady from the week prior at 57% good-to-excellent. Harvest advanced to 13% complete, which is 3% ahead of last year’s pace.
Corn prices, much like the soybean market may face some additional volatility throughout the week in regard to the upcoming meeting between the US and China. The market appears to be optimistic that any trade talks may include a framework deal for corn.

Soybeans are trying to edge higher at midday on optimism surrounding Thursday’s Summit meeting between the US and China. November soybeans are up 1-00 cent to $13.29-00, while March futures are flat at $13.44-00.
Soybean ratings were unchanged from last week at 58% good-to-excellent. Harvest jumped to 12%, up from 6% last week and 8% a year ago.
According to AgRural, Brazil’s soybean planting is at 1.2% complete. This compares to 0.4% a week ago and 0.9% planted through the same week last year.

Wheat prices are trending lower at midday, pulled down by cease-fire talks between Russia and Ukraine. December Chicago is down 7-3/4 cents to $7.19-00, December KC is 11-1/2 cents lower to $7.83-00, while Minneapolis wheat is down 7-1/4 cents to $7.39-00.
Spring wheat harvest now sits at 96%, which is on par with the 5-year average. Winter wheat planting stands at 17% complete, down 2% from last year’s pace and 4% lower than the 5-year average.
Ukraine said overnight they are willing to look at options for a cease-fire with Russia while Turkey has relayed that they are in talks with Russia about the safety of exports through the Black Sea. This is causing wheat prices to shift lower at midday.

Tanner Wilson