Grain futures lower today as traders appear to be giving up on a weather rally. Above normal temps are in the forecast for next week, but normal to above normal moisture is predicted. After next week, temps are expected to turn cooler. Trade talks begin with China next week.

Last week, the rating for soybeans rose 2 points to 70 percent of the crop in good-to-excellent condition and compares to 67 percent a year ago. Expectations were for a one-point decline. agwatch.biz

Corn was lower today, wheat mixed, while beans were firmer on a dead cat bounce. Non-threatening weather through August 17th, and uncertainty surrounding Trump’s tariff policy will limit gains. Sign up for a subscription trial for more detailed reports. agwatch.biz

Winter wheat harvest is approaching the finish line at 86% complete while the spring harvest is just beginning at 5% done. Looking at the weekly chart of the July 2026 contract, it fell to....sign up for a free 30-day trial for deep crop insights. agwatch.biz

Near ideal weather this season has everyone eyeing the prospect for a record yield and production in next week’s crop report for corn. Last week, the crop rating stood at 73% in good-to-excellent condition. Go here for more on this and other grains: agwatch.biz/news.

A price surge in volatility is likely tomorrow as USDA’s yield and production estimates will be based upon satellite imagery and field surveys. Check out On the Money Grain Commentary for in-depth grain reports. agwatch.biz.

Grain futures were firmer today as the bearish crop report released earlier this week has mostly sunk in. However, questions surround USDA’s yield estimate for corn and soybeans, as many believe they are too optimistic based upon issues in some areas. agwatch.biz

July 2026 wheat turned up from 558 last week and rebounded to 572.25. The weekly momentum indicators are oversold, but rising below 572.25 is needed to turn the short-term trend up. For daily reports, visit agwatch.biz for your 30 no-strings-attached free trial.

Corn was lower most of the day but recovered late in the session. Meanwhile, soybeans and wheat were down for the day as fund short covering appears to have run its course for the moment. For more in-depth emails, visit agwatch.biz for a free 30-day trial.

Soybeans have come under pressure as a trade deal has still not developed with China. As it stands now, it may be Nov or Dec before one occurs, if then. Meanwhile, export inspections last week were slightly better than expected at ....for more, visit agwatch.biz/news.

December 2026 corn has recovered from the low at 440.75 with the market rising to 462.75 last week as shown on the weekly chart. From here....visit agwatch.biz for your 30-day free trial!

Weekly momentum indicators are extremely oversold, and the chart pattern shows the sell-off from the high at 650.25 might be finished. For greater evidence of this being the case, rising beyond 572 is necessary. Get your 30-day trial at agwatch.biz for daily info.

Winter wheat planting is getting underway and is 11 percent complete compared to 13 percent a year ago, which is par for the average. For more detail and daily emails, visit agwatch.biz for a 30-day trial!

Nov 2026 soybeans rose to 1090.25 last week, as shown on the weekly chart, where a downside reversal was posted that ended the rally from the low at 1037.25, and possibly from the contract low at 983 as well. If so...visit agwatch.biz for your daily commodity email.

July 2026 wheat rebounded to 545.5 this week following the modest upside reversal from the contract low posted at 533.5 last week, as shown on the weekly chart. agwatch.biz

November 2026 soybeans have rallied in conjunction with the front months on reports that China is willing to buy U.S. soybeans. Since bottoming a few weeks ago at 1048.25, they have risen to 1102.75 in the overnight session. agwatch.biz

December 2026 corn rebounded to 469.25 last week posting a double top with the September high at 470. The short-term pattern shows that, unless there is a decline below 460, the prospect exists for rising past 470 to 474 or 480. agwatch.biz

Grains firmer as enthusiasm continues over China agreeing to buy 12 million tons of soybeans for the Nov-Dec period and 25 million tons annually for the next 3 years. However, as mentioned last week, the agreement is non-binding, and China has a history of non- performance.

The recovery from the low at 1048.25 in Nov 2026 soybeans continues with the market rising to 1114. Currently, the momentum indicators, on both a daily and weekly basis, are overbought suggesting a top is probably close at hand. agwatch.biz

Dec 26 corn will probably continue to drift aimlessly until Jan when the focus will turn to spring planting estimates and long-range weather. A double top is visible at the highs of 470 and 469.25 as can be seen on the weekly chart available for members. agwatch.biz