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Commodities

Soybeans Surge as Soymeal Futures Skyrocket

Guavy AI Editorial Team
Instruments
Wheat Corn
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The soybean market saw significant gains on September 15, 2026, as soymeal futures surged. According to Pro Farmer's Market Snapshot, December corn is trading between its 10- and 20-day moving averages, with prices ranging from $5.27 to $5.36 per bushel.

Corn harvest estimates indicate that the crop is progressing ahead of schedule, with 8% complete as of September 15, up two percentage points from the five-year average. USDA's Crop Condition Index (CCI) also rose 0.5 point on the week to 350.43.

Winter wheat futures are firmer but remain limited by technical resistance and a stronger U.S. dollar. December SRW wheat is facing initial resistance at $7.34, while support lies at $7.05.

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