September 15, 2026
At this hour:
🌽Corn market is down 2-3c,
🌱soybeans are down 3-4c,
🍞wheat is down 7-8,
🛢️crude oil is up $2.13-$2.14,
💲US Dollar is up 21 points
-Crude oil prices up another 2% here today.
-Rumors of Russia and Ukraine agreeing to stop striking each other’s oil refineries have the wheat market thinking de-escalation in Black Sea region.
-U.S. crop conditions saw an unexpected rise in ratings with corn gaining 1% in the “good/excellent” category while soybeans remained unchanged.
-Weekly export inspections on corn and soybeans continue to run strong.
-Big rains moving through Iowa and parts of Illinois will slow down harvest.
🐂🐻 Look for a lower trade for Tuesday.
Support/Resistance:
December corn – Support on December corn is at $5.26 3/4 which is the 20-day moving average. Resistance is at $5.49 3/4 which is the high from September 2nd.
March corn – Support comes in at $5.41 3/4 which is the 20-day moving average. Resistance comes in at $5.64 which is the high from September 2nd.
November soybeans – Support comes in at $12.80 3/4 which is the 20-day moving average. Resistance is at $13.33 1/2 which is the high from September 10th.
March soybeans – Support is at $13.01 1/2 which is the 20-day moving average. Resistance is at $13.54 which is the high from September 10th.
December Kansas City wheat – Support is at $7.82 which is the low from September 14th. Resistance comes in at $8.58 1/4 which is the high from September 2nd.
Where do we go from Here:
Corn prices tried to rally yesterday on the heels of stronger energy prices but are giving those gains all back. Weekly export inspections are off to a great start posting another strong week of inspections yesterday. There is a little chatter in the marketplace about Russia and Ukraine agreeing to stop hitting each other oil refineries but neither country has admitted to agreement yet. Harvest will slow down a bit here this week as some big rains are moving through Iowa and into parts of Illinois. The corn market has digested the USDA report and now we will wait on more harvest results to see how big or small the U.S. corn crop is. The early yields that we have seen so far seem to be a bit disappointing. Without any fresh news to push this corn market higher, I look for harvest pressure to keep a lid on prices.
China continues to be a buyer of U.S. soybeans as we are getting closer to the meeting between President Trump and President Xi. The 2 are scheduled to meet on September 24th. There have been a few rumors of the meeting not happening but that it what they are as of now, just rumors. Soybean harvest is picking up steam and pushing north. Early yields out of Illinois have been pretty good and maybe a bit better than expected. November soybeans look to consolidate a bit here, trading between $12.90 and $13.20.
President Trump said yesterday that Russia and Ukraine have agreed to stop targeting each other’s oil refineries to help bring down the cost of energy prices and especially diesel. So far, neither country has backed that statement up, but wheat prices are lower this morning with some potential de-escalation going on in the Black Sea region. If corn and soybeans look to consolidate, then I would expect wheat prices to see a pullback. Wheat will be a follower of corn and soybeans.
