Weekly Ag Markets Update – 10/19/2026

Wheat:  Wheat was lower in both markets last week as planting and emergence of Winter Wheat was ahead of normal with much improved weather in the Great Plains.  Both sides in the Russia-Ukraine war have reported an export pace more than 50% less than a year ago.  The US Winter Wheat planting was 51% complete last week and was 27% emerged.  Conditions are mixed in the US Midwest.  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 get scattered showers in all areas.

Weekly Chicago Soft Red Winter Wheat Futures

Weekly Kansas City Hard Red Winter Wheat Futures

Weekly Minneapolis Hard Red Spring Wheat Futures

Unavailable today

 

Corn:  Corn was a little lower last week on reports of good harvest progress  End user buying and no farm selling continue to support overall.  Trends are down on the daily charts.  There is moderating weather in the western and southern Midwest with a lot of rain in the forecast  mostly in the west this week.  Harvest has been active in some areas of the Midwest with good but not great yields being reported.  Ukraine and Russia are still at war and shipping is very limited in both countries.  It should be cooler with drier weather in the Midwest this week.  The crop conditions last week were higher from the previous week and below aa year ago.  Progress is about normal and the harvest is now 91% mature and 33% complete  Temperatures in the Midwest should be cooler this week amid mostly dry weather.  Oats were lower and trends are turning down on the weekly charts.

Weekly Corn Futures

 Weekly Oats Futures

 

Soybeans and Soybean Meal:  Soybeans  and the products were lower last week on great harvest progress and despite big new buying from China.  China is expected to buy more cargoes of US Soybeans in the coming weeks but the tariffs will remain high.  The harvest was 46% complete last week.  Condition was unchanged from the previous week.  Cool and dry weather is likely in the north.

Weekly Chicago Soybeans Futures

Weekly Chicago Soybean Meal Futures

 

Rice:  Rice closed higher despite reports of farm selling ass the overall supply scenario remains tight at home and around the world.  Damage to unharvested crops is reported from the hurricane and there are worries about El Nino hurting world production.  Brazil prices are strong on ideas of short production and El Nino fears for production on the next crop.  Harvest is 92% 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 up on the daily charts and are up on the weekly charts,

Weekly Chicago Rice Futures

 

Vegetable Oils: Palm Oil was higher last week.  Daily chart trends are mixed and weekly trends are mixed to up.  Canola was lower last week and trends are turning down on the weekly charts.

Weekly Malaysian Palm Oil Futures

Weekly Chicago Soybean Oil Futures

Weekly Canola Futures

 

Cotton:  Cotton was higher last week on reports of some damage to crops and crop losses in the Delta.  A hurricane hit southern areas over the previous weekend with some very heavy rains.  Rain was also reported in Texas and north into Kansas last week and over the weekend to affect harvest operations.  USDA last week showed that conditions are now 33% good to excellent.  Progress shows that the crop was 34% harvested and 82% opening bolls.  Forecasts and reports of showers in Cotton areas continue for the Delts, and the Southeast.  Temperatures will be warm in all areas.

Weekly US Cotton Futures

 

Frozen Concentrated Orange Juice and Citrus:  Futures were lower last week in range trading.  Price trends are mixed to down on the daily charts and mixed on the weekly charts.  USDA said that the US oranges production is now estimated at 61.7 million boxes down from 63.5 million last year.  Florida production was estimated at 10.0 million boxes, from 13 million last year.  Showers are showing up in Florida and trees are recovering.  The weather for the next crop is seasonal.  The weather is considered good for production in Mexico and showers are developing in Brazil as the rainy season is starting on time.

Weekly FCOJ Futures

 

Coffee:  New York was higher and London was lower last week as Brazil is selling and exporting, but less than before.  Brazil crops are looking better with rains but producers are holding back on sales due to recent price weakness.  Trends are mixed to up in New York and are turning down in London.  The Brazil harvest is almost over despite increased rains.  Conditions are called good for next crop development, and the wet season is starting on time.  Arabica has been boosted near term by quality concerns owing to excess El Nino-linked rains in Brazil and worries the weather pattern might cause dryness ahead.  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 has been dry.  Premiums are now at or near record highs in Central America due to the drought.  Vietnam exported 1.45 million metric tons of coffee in the first nine months of 2026, up 16.2%.  Brazil’s September green coffee exports rose 3.2% to 3.58 million bags, although lower arabica shipments limited growth, Cecafe said.  Colombia’s coffee production fell 15% in the 2025/26 coffee year to 12.65 million bags

Weekly New York Arabica Coffee Futures

Weekly London Robusta Coffee Futures

 

Sugar:  New York and London were higher last week.  Trends are mixed on the daily charts in both markets as both markets showed reversal action to u trends yesterday.  Drought in Brazil was a major concern but rains have returned to center-south regions.  Refineries in the region are producing ethanol at the expense of Sugar.  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.  Brazilian production dropped 41.6% in the first half of September due to excess rains.

Weekly New York World Raw Sugar Futures

Weekly London White Sugar Futures

 

Cocoa:   New York closed aa little higher and London was about unchanged last week.  Weekly trends are still mixed.  A big main crop harvest has arrived in West Africa but it has now turned dry for the next crop.  Dry conditions in Ivory Coast have created concerns about the prospects for 2026/27 production, although a large global surplus in 2025/26 has ensured that short-term supplies remain ample. Ivory Coast’s main crop is seen falling around 17% this season, according to a Reuters survey, while Ivorian farmers said that poor rainfall risks bringing the September-to-February main crop to an early end.  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.  Cocoa arrivals at Ivorian ports stood at 23,000 metric tons in the week, down 52% from last year.

Weekly New York Cocoa Futures

Weekly London Cocoa Futures

 

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