DTN Midday Grain Comments     09/18 10:44

   Corn, Soybeans and Wheat: All Lower at Midday 

   Corn futures are 4 to 5 cents lower at midday, soybeans are 18 to 19 cents 
lower, and wheat futures are 10 to 15 cents lower. 

David M. Fiala
DTN Contributing Analyst

MARKET SUMMARY:

   Corn futures are 4 to 5 cents lower at midday, soybeans are 18 to 19 cents 
lower, and wheat futures are 10 to 15 cents lower. The U.S. stock market is 
weaker at midday with the S&P 9 points lower. The dollar index is 12 points 
higher. The interest rate products are weaker. Energy trade is mixed with crude 
.10 lower and natural gas .03 cents higher. Livestock trade is little weaker 
after early strength. Precious metals are mixed with gold off 9.00.

CORN:

   Corn futures are 4 to 5 cents lower at midday with trade continuing to chop 
along the recent range heading towards the weekend with little fresh news along 
with spillover pressure from wheat and soybeans. Ethanol margins remain strong 
even with the transition to fall unleaded blends likely to limit upside a bit. 
The daily export wire was quiet to close the week. Weather looks ease the 
recent rainy conditions but harvest resumption will remain slow into the second 
half of the month. Basis will likely continue to drift short term. On the 
December chart the 20-day at $5.31 is resistance after we faded just below it 
yesterday with the lower Bollinger Band at $5.15 as support.

SOYBEANS:

   Soybean futures are 18 to 19 cents lower at midday with selling picking up 
during the day session with the $13.00 level holding so far as the short 
squeeze in meal eases along with oil remaining soft. Meal is 14.50 to 15.50 
lower and oil is 60 to 70 points lower. Wetter weather will keep progress in 
the center of the belt limited short term. The daily export wire saw 110,000 
metric tons sold to China. On the November contract chart support is the 20-day 
at 12.94 where we find the 20-day moving average with resistance to the recent 
high at 13.35.

WHEAT:

   Wheat futures are 10 to 15 cents lower at midday as we fade back to the 
lower end of the recent range as well with fresh news remaining limited and the 
firmer dollar likely to limit upside. Better rains into late month should help 
support early wheat drilling on the plains with early emergence starting in 
some areas. Matif wheat is lightly weaker. On the KC December chart resistance 
is the 20-day at $8.07 which we closed just below with the lower Bollinger Band 
at 7.62 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.