Tidbits, Global Grains, Iran & Fuel, Tour Day 4, Weather & Drought, Export Sales 8/21/26
- Wright team
- 1 day ago
- 4 min read
Tidbits
Corn and Soybean Facts of Life:
The only years that corn and soybean futures decline after the first half of September are the years that yields are uniformly better than expected across the Corn Belt. If you think yields across the Corn Belt are not going to be better than the market expects, do not be pricing corn or soybeans yet.
Key Put Option Premiums:
$4.80 December Corn Put: 12-3¢ (12 and three-eighths)
$12.00 November Soybean Put: 17-3¢
$11.00 November Soybean Put: 1-6¢
Flash Sales: The USDA announced yesterday the sale of 150,000 mts of new crop soybeans to China.
Global grains production for the 2026/27 marketing year was revised lower by 6 million mts in the latest International Grains Council (IGC) Grain Market Report, as wheat and corn output is projected to decline significantly year on year.
The IGC lowered projected global wheat production by 4 million mts from the July estimate to 817 million, while it dropped its outlook for corn output by 1 million mts to 1.305 billion. Total grains trade is also forecast to decline year on year by 3.5% to 451 million mts, mainly due to a 13-million-tonne reduction in wheat shipments, the report noted.
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