US Grain Markets See Mixed Results Amid Global Trade Talks
The US grain and oilseed markets saw mixed results on Monday, with soybeans and corn trading relatively steady, while wheat futures fell hard.
Soybean futures at the Chicago Board of Trade were steady after initially declining due to stronger crude oil prices. The USDA reported that soybean export inspections for the week ended August 27 came in at 250,801 tonnes, a 42% drop from the previous week. Year-to-date inspections reached 40.74 million tonnes compared to 49.81 million this time last year.
Corn futures inched up on Monday, caught between the hikes in crude oil and the losses in wheat. Corn export inspections improved to nearly 1.50 million tonnes from 1.32 million the previous week, with cumulative exports just short of 83.81 million tonnes versus 66.97 million a year ago.
The USDA attaché in New Delhi projected the 2026-27 Indian corn crop at 50 million tonnes compared to 55.09 million in 2025-26, while ending stocks are expected to tumble from 7.52 million tonnes in 2025-26 to 4.12 million in 2026-27.
The wheat market was weaker on Monday amid reports that Turkey was attempting to negotiate with Ukraine and Russia on a deal to ship grain out of the Black Sea. The USDA reported steady wheat export inspections at 430,925 tonnes, but cumulative exports continued to lag behind last year's pace of 6.67 million.