Markets
  • Corn$5.29/bu+0.2%
  • Soybeans$13.20/bu+0.2%
  • Soybean meal$370.60/US ton-0.5%
  • Soybean oil$0.6782/lb+0.4%
  • SRW wheat$7.04/bu-0.4%
  • HRW wheat$7.62/bu-0.7%
  • Live cattle$222.10/cwt+0.5%
  • Feeder cattle$332.00/cwt+1.2%
  • Lean hogs$68.97/cwt-0.7%
Commodity Markets

Plains Rain Boosts HRW Wheat Establishment Prospects as Corn Belt Harvest Outlook Splits

Forecast rainfall across the central and southern Plains is expected to improve seedbed conditions for 2027 hard red winter wheat planting, while the Corn Belt faces a divided harvest picture: drier conditions offer eastern growers a harvest window, but renewed moisture across Nebraska, Iowa and Minnesota threatens further delays in the west.

Forecast rainfall across the central and southern Plains is set to improve conditions for planting and establishing the 2027 hard red winter (HRW) wheat crop, while the U.S. Corn Belt faces a sharply divided harvest outlook heading into the final week of September 2026, according to an analysis published by Ag Bull on September 22, 2026.

Plains Rainfall and Wheat Establishment

A five-day forecast calls for one to two inches of rain across eastern Colorado, western Kansas and the Oklahoma and Texas panhandles through Thursday, September 24, with a core exceeding three inches over southeastern Colorado and northeastern New Mexico. A second round is expected to shift east on Friday and Saturday, delivering another half-inch to more than an inch to central and eastern Kansas and Oklahoma.

The timing is notable given that winter wheat planting is running behind schedule. The USDA's September 21 Crop Progress report showed national winter wheat planting at 17%, behind the five-year average of 21%. State-level figures highlight the shortfall: Kansas stood at 10% planted versus a 13% average; Oklahoma at 4% versus 14%; Colorado at 30% versus 40%; and Texas at 21% versus 26%.

Ag Bull noted that a soaking rain should improve prospects for more uniform germination and give newly emerged wheat a better opportunity to develop roots and fall tillers. However, the analysis cautioned that intense downpours can cause crusting and interfere with emergence, making the heaviest rainfall areas less uniformly beneficial. Kansas State University was cited as warning that a small shower can sometimes provide enough moisture to start germination without supplying enough to sustain seedlings if dry weather returns.

December Kansas City wheat settled at $7.94½ on Monday, September 21, up 10¾ cents from Friday's close of $7.83¾, though Ag Bull attributed the rally primarily to optimism about U.S./China trade talks rather than crop concern.

Corn Belt Harvest: East Opens, West Stalls

The eastern Corn Belt, stretching from Illinois through Ohio, faces forecast totals generally below half an inch through Thursday, followed by largely dry conditions on Friday and Saturday, offering growers a potential harvest opening. The analysis noted that fieldwork will depend on drainage and drying where soils remain saturated.

In the western Corn Belt, however, another half-inch to more than an inch over parts of Nebraska, Iowa and Minnesota is expected to repeatedly interrupt drying and limit harvest access. Ag Bull cited University of Minnesota Extension as noting that combines and loaded grain carts on wet soils can cause compaction and rutting, with consequences for subsequent crops.

USDA data from the September 21 Crop Progress report showed corn harvest nationally at 13% as of September 20, ahead of the 11% five-year average, with crop condition unchanged at 57% good to excellent. Soybean harvest stood at 12%, ahead of the 8% average, with condition at 58% good to excellent.

November soybeans settled at $13.28 on Monday, up 24½ cents from Friday's $13.03½, with October soybean meal gaining $12.00 to $366.60. Ag Bull attributed these moves to optimism about U.S./China trade talks, describing the soybean move as a "trade-led bounce" against "bearish fundamentals."

Longer-Range Outlook and River Logistics

The Climate Prediction Center's September 21 six-to-ten-day outlook (covering September 27 through October 1) favors above-normal precipitation for the Great Plains, Mississippi Valley and Gulf Coast, but still favors below-normal precipitation for the eastern Ohio Valley and eastern Great Lakes. The eight-to-fourteen-day outlook (September 29 through October 5) keeps the central U.S. wet and states that above-normal precipitation is increasingly favored east of the Mississippi Valley. Ag Bull noted that a "more widespread rainy pattern with potentially heavier amounts" across the central U.S. by Monday, September 28, was flagged in WPC's Tuesday extended discussion.

On river logistics, Ag Bull reported that corn export inspections rose 15 million bushels on the week to 76.3 million bushels, with more grain moving riverward as the eastern Corn Belt harvests. The analysis noted that the wetter outlook for the Upper Mississippi Valley and central U.S. into September 28 presents a rising basis and freight risk, partially offset by the building eastern harvest supply.

Southern Plains Cattle and Pasture Conditions

The incoming Plains rain also offers relief to drought-stressed cattle country. Oklahoma pasture and range condition fell to 5% good to excellent and 67% poor to very poor as of September 20, deteriorating from 9% good to excellent and 64% poor to very poor the previous week. The national pasture rating stood at 17% good to excellent and 53% poor to very poor. October live cattle settled at $220.95 on Monday, up $5.02 from Friday's $215.925, and October feeder cattle settled at $330.25, up $6.75 from $323.50.

Prepared with AI assistance and reviewed by the editorial team.

Sources

Commodity Markets

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Commodity Markets

Soybean Complex Softens Ahead of U.S.–China Summit as Oil Weakens and Meal Firms

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