TFM Midday Update 8-13-2026

CORN

Corn futures are trading lower at midday as the market gives back a portion of yesterday’s sharp post-report rally. September corn is down 8 cents at $4.49, while December corn is 7-3/4 cents lower at $4.73.
In this morning’s weekly Export Sales report, the USDA reported 410,700 metric tons of corn sales for the 2025/26 marketing year, with an additional 924,500 metric tons sold for 2026/27. Combined sales came in toward the low end of market expectations.
In yesterday’s WASDE report, the USDA projected U.S. farmers will harvest the second-largest corn crop on record this fall, as increased planted acreage more than offset a reduction in expected yields.

Soybean futures are trading slightly lower at midday. September soybeans are down 1/2 cent at $11.64-3/4, while November soybeans are 1 cent lower at $11.82-1/4.
In this morning’s weekly Export Sales report, the USDA reported net soybean sales of 75,100 metric tons for the 2025/26 marketing year, with an additional 1.76 million metric tons sold for 2026/27. In addition, the USDA reported a 125,000-metric-ton soybean sale to China for 2026/27.
Following the August WASDE report, the grain markets will be turning their attention to a major crop tour next week, which will provide another indication of U.S. corn and soybean yield potential following severe weather across portions of the Corn Belt in July.

The wheat complex is trading lower across the board at midday. Looking at September contracts, Chicago wheat is down 5-3/4 cents at $6.47, Kansas City wheat is 4 cents lower at $7.16-3/4, and Minneapolis spring wheat is down 2-3/4 cents at $6.70-1/4.
In this morning’s weekly Export Sales report, the USDA reported 255,900 metric tons of wheat sales for the 2026/27 marketing year, coming in at the low end of analyst expectations.
Continued attacks on Black Sea shipping and port infrastructure by Russia and Ukraine have disrupted grain shipments from the region. Concerns intensified on Wednesday after a Ukrainian strike on Russia’s Novorossiysk port reportedly forced two major grain terminals to halt operations.

Matthew Lucas