TFM Midday Update 9-8-2026

CORN

Corn has turned slightly lower at midday following early gains. December corn is down 4-00 cents to $5.32-3/4 while March corn is down 4-00 cents to $5.48-1/4.
According to COT data, managed money added 55,000 net long positions last week in corn. The total net long position is now the highest since 2006.
Corn exports out of Brazil have seen a sharp decline of 32% year-over-year according to data from the Brazilian Trade Ministry. Corn exports in August reached only 4,655 mmt, down from 6,849 mmt a year earlier.

Soybeans continue to edge higher at midday on optimism that Chinese demand could continue with the upcoming meeting between President Xi and President Trump. November soybeans are up 2-1/4 cents to $13.12-00, January soybeans are up 2-1/2 cents to $13.27-1/2.
According to AgRural, soybean planting in Brazil is now underway. Farmers have started sowing in parts of Parana after favorable rains touched down. Planting sits at just 0.05% as of last week, but that is up from 0.02% a year ago.
Brazil’s soybean exports during August rose 5.2% year-over-year to 9,810 mmt according to data from the Brazilian Trade Ministry.

All three wheat classes remain higher at midday but have moved well off the highs of the day. December Chicago is up 5-00 cents to $7.39-00, December KC is 7-1/4 cents higher to $8.09-1/2, and December Minneapolis is up 7-3/4 cents to $7.52-3/4.
South Korea is seen tendering for 100,000 mt of US or Canadian wheat. Demand for US wheat is helping to boost prices to start the week.
Drought conditions throughout the Plains states are also helping to keep wheat prices elevated to start the week. Chances of rain are improving for the latter half of the week, but total moisture levels are still expected to be low.

Tanner Wilson