AgMaster Report – 09/17/2026

DEC CORN

After a $1.00 rally since July 1 off premiums from 2 wars, China demand, Super El Nino brewing in the southern Hemisphere, shrinking yields & tightening global stocks, Dec Corn is taking a breather – consolidating in front of the Sept WADE Report due out tomorrow at 11am! China is coming to the US Sept 24 to further solidify our trade with them! The path of least resistance is clearly higher!

        

NOV BEANS

Since early August, Nov Beans jumped $1.50 as both the Persian Gulf & Black Sea wars escalated – raising crude over $100/barrel – which rallied bean oil & beans & cutting Black Sea exports by 50%! China continues to buy US beans – 5 flash sales in the past 2 days – in front of their late Sept to the US! Yields seem to be ratcheting down -in front of the Sept USDA Report Fri! Super El Nino could very well negatively impact Brazil/ Arg production – just as it did to the European crops! And Trump – at only a 36% approval rating – desperately needs the farm vote for the upcoming Nov Mid-terms!

 

DEC WHT

Dec Wht has been buffeted about by geopolitical issues – namely the Russian-Ukraine War – which has cut Black Sea Exports by 50% – causing a $1.50 rally since early August – but then breaking 60 cents – when Russian President Putin announced he was hopeful for a peace proposal! As well, the corn & beans have provided spill-over support! With the 2 wars raging, Super El Nino lurking over the Southern Hemisphere & carry-over stocks tightening – the Dec Wht will follow Corn/Beans lead on the upside -as a rising tide floats all boats!

 

OCT CAT

After losing $30 since mid-June, Oct Cat has finally digested all the bad news including the border reopenings & the higher feed-costs from the CBOT – and is focusing on the lower placements #’s in recent Cattle-on-Feed Reports! That coupled with the increased demand generated by the break – has turned cattle around –  with higher closes in the last week! –

 

OCT HOGS

The charts indicate a turn-around to the upside – plus fundamentally average weights & slaughter are down from last year/week! Also, the consumer – pressed by higher gas costs -is opting for the cheaper pork cuts over the more expensive beef cuts!

 

 

141 W. Jackson Blvd. Suite 1340A, Chicago, IL 60604  |  (800) 769-7021  |  (855) 264-6673 (Direct)   |  www.pricegroup.com

A Subsidiary of Price Holdings, Inc. – an Employee Owned Diversified Financial Services Firm. Orders must be entered via direct verbal communication with a representative of our firm. We cannot be held responsible for orders left in any other manner.  PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. Investing in futures can involve substantial risk & is not for everyone. Trading foreign exchange also involves a high degree of risk. The leverage created by trading on margin can work against you as well as for you, and losses can exceed your entire investment. Before opening an account and trading, you should seek advice from your advisors as appropriate to ensure that you understand the risks and can withstand the losses. Member NIBA, NFA.

The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any securities or futures. The PRICE Futures Group, its officers, directors, employees, and brokers may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction. Reproduction and/or distribution of any portion of this report are strictly prohibited without the written permission of the author.

To SUBSCRIBE to the AGMASTER please go to http://bit.ly/xIGR6x.

To Unsubscribe from the AGMASTER please send an email to offers@pricegroup.com.

 

View the AGMASTER Archives at http://blog.pricegroup.com/tag/agmaster.

Questions? Ask Bill Moore today at 312-264-4337