Weekly Ag Markets Update – 09/14/2026

Wheat: Wheat was lower in both markets yesterday in reaction to the USDA reports and as the Ukraine-Russia war continues and threatens any  exports from the region.  The reports feature no changes to either supply or demand but the average farm price was increased by 20 cents to reflect the market now.  The president of Ukraine has said that his country and Russia would sit down soon to try to find a way for grains exports to resume from both countries, and Russia said yesterday that a proposal by Ukraine was not practical.   The US Winter Wheat harvest is over.  Spring Wheat is being harvested and is rated 51% good to excellent.  Conditions are mixed in the US Midwest, but Europe has been too hot.  The weather is now featuring scattered showers for parts of the Midwest along with moderate  temperatures after a got week last week.  The Great Plains should stay dry but less hot.

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Unavailable today

 

Corn:  Corn was higher yesterday in response to the USDA reports and ideas of more potential losses from stressful weather around the world but especially in Europe and Asia.  USDA cut back on harvested area and yields for production at 15.800 billion bushels.  Feed demand was cut to 5.9aa50 billion bushels and total demand was cut to 16.180 billion bushels.  Ending stocks were estimated at 1.567 billion bushels from 1.653 billion last month.  There is still too much hot and dry weather in the western and southern Midwest but moderating conditions in Europe.  Ukraine and Russia are back at war again and shipping is very limited in both countries.  It should be cooler with drier weather in the Midwest this week.  The crop conditions were steady last week and below aa year ago.  Progress is ahead of normal and the harvest has started.  Temperatures in the Midwest should be cooler this week.  Oats were a little lower and USDA made no changes to supply or demand.

Weekly Corn Futures

 Weekly Oats Futures

 

Soybeans and Soybean Meal:  Soybeans and the products were lower in response to the USDA reports.  USDA showed increased harvested area and yields for production increases to 4.535 billion bushels.  Exports were higher and ending stocks were cut to 310 million bushels from 320 million last month.  It is still mostly hot and dry in the southern and western Midwest.  Leaves are dropping according to USDA this week.  Condition is below a year ago and steady from the previous week.  Cooler temperatures and drier weather in northern areas are expected for the next week in the Midwest.  Southern areas are hot and dry

Weekly Chicago Soybeans Futures

Weekly Chicago Soybean Meal Futures

 

Rice:  Rice closed lower in response to the USDA reports.  USDA showed a slight decrease in harvested area but an uptick in yields for an overall very small decrease in production of All Rice.  Beginning stocks and ending stocks were also increased but demand was untouched.  Long grain featured increased beginning stocks and decreased production for an increase in ending stocks to 21.4 million cwt from 20.3 million cwt last month..  Brazil prices are strong on ideas of short production and El Nino fears for production on the next crop.  Condition in the US was steady from the previous week.  Harvest is active in most states and is 43% complete.  Demand remains moderate to poor for US Rice and was moderate last week.  El Nino is threatening production in Asia and Indian prices remain high and are going higher, Trends are mixed on the daily charts and are up on the weekly charts.

Weekly Chicago Rice Futures

 

Vegetable Oils:  Palm Oil was higher last week.  Canola was higher.

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Weekly Chicago Soybean Oil Futures

Weekly Canola Futures

 

Cotton:  Cotton was lower Friday in response to the USDA reports.  USDA cut yield and harvested area for production of 13.2 billion bales.  Domestic demand was trimmed but exports were unchanged and ending stocks were estimated at 369 million bales from 400 million last month.    Stressful weather conditions continue.  USDA this week showed that conditions are now .  Progress is about average with the crop now 7% harvested.  Forecasts and reports of scattered to isolated showers in Cotton areas continue for the Delts, and the Southeast.  Temperatures will be warm to hot in all areas.

Weekly US Cotton Futures

 

Frozen Concentrated Orange Juice and Citrus: Futures were higher last week on buying ahead of the USDA reports this week.  It is still dry in Florida but showers are showing up.  The weather for the next crop is seasonal and some rains are now being reported.  The weather is considered good for production in Mexico but it is dry in Brazil.  Many areas are drying out seasonally.

Weekly FCOJ Futures

 

Coffee:  New York was lower and London was higher last week  Trends are down in New York but are turning up in London.  Brazil coffee is being offered now in increasing quantities as harvest is almost over despite increased rains.  The next crop is developing in the rest of South America amid scattered to isolated showers.  Indonesia is now about done with its harvest.  Asian conditions are called good.  Other world production conditions are generally good.  Mexico is in good condition, but Central America is dry.

Weekly New York Arabica Coffee Futures

Weekly London Robusta Coffee Futures

 

Sugar:  New York was higher and London was about unchanged last week.  Trends are mixed on the daily charts in both markets.  Drought in Europe and Brail are a major concern but seems to be easing now with the crop mostly made in Europe.  The hot and dry weather was causing losses in Sugar beets production.  There have been some rains in center-south Brazil causing some harvest delays.  Indian production is less after hot and dry conditions and production in the rest of Asia could be hurt by El Nino weather.  Higher world petroleum prices are supporting higher ethanol prices and could cause less Sugar to be produced.

Weekly New York World Raw Sugar Futures

Weekly London White Sugar Futures

 

Cocoa:   New York and London were a little lower last week and made new lows for the move.  Daily chart trends and weekly trends are turning down.  A big main crop harvest has arrived in West Africa and rains have been positive for the next crop.  There are still reports of increased production potential in other countries outside of West Africa, including Asia and Central America.  The market feels that there is less demand due to the high prices seen last year but demand has started to increase.

Weekly New York Cocoa Futures

Weekly London Cocoa Futures

 

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