DTN Midday Grain Comments     09/16 10:45

   Corn, Soybeans and Wheat Lower 

   Corn trade is 3 to 4 cents lower at midday, soybeans are 1 to 2 cents lower, 
and wheat is 1 cent lower to 2 cents higher.

David M. Fiala
DTN Contributing Analyst

MARKET SUMMARY:

   The U.S. stock market is mixed at midday with the S and P 26 points higher. 
The dollar index is 2 points higher. The interest rate products are firmer. 
Energy trade is weaker with crude 4.15 lower and natural gas .01 cent lower. 
Livestock trade is broadly weaker. Precious metals are firmer with gold up 
60.00.

CORN:

   Corn trade is 3 to 4 cents lower at midday with sideways action continuing 
as we look for direction from the Fed Statement this afternoon along with 
watching nearby demand indicators into early harvest. The weekly ethanol report 
showed steady production and stocks. The daily export wire was quiet again with 
weekly sales expected to be in the 750,000 to 950,000 metric ton range 
tomorrow. Weather looks to slow early harvest with rains through the middle of 
the belt. Basis will likely drift short term into early harvest but this weeks 
rains should slow pressure. On the December chart the 20-day at $5.29 is 
support with the fresh high at $5.49 as further resistance.

SOYBEANS:

   Soybeans are 1 to 2 cents lower at midday with two sided action during the 
day session after we faded back from the test higher overnight. Meal is flat to 
1.00 lower and oil is 65 to 75 points lower. Wetter weather should slow 
maturity and early harvest through the end of the week. The daily export wire 
was quiet again with weekly sales expected to be in the 1.0 to 1.25 million 
metric ton range. On the November contract chart support is the 20-day at 12.87 
where we find the 20-day moving average with resistance the fresh high at 13.35.

WHEAT:

   Wheat is 1 cents lower to 2 cents higher at midday with trade chopping along 
the lower end of the range with little fresh news and more direction likely to 
come from the dollar post Fed Statement. Better rains into midmonth should help 
support early wheat drilling on the plains with spring wheat harvest nearing 
total completion. Matif wheat is higher with support from the weaker Euro. 
Weekly export sales are expected to be in the 150,000 to 300,000 metric ton 
range tomorrow. On the KC December chart resistance is the 20-day at $8.05 
which we closed just below with the lower Bollinger Band at 7.48 as support.

    

   David Fiala can be reached at dfiala@futuresone.com

   Follow him on social platform X @davidfiala




(c) Copyright 2026 DTN, LLC. All rights reserved.