| Name | Value | Date | Basis | Source |
|---|---|---|---|---|
| Corn | $4.97/bu | December 2026 futures | CME Group via Yahoo Finance ↗ | |
| Soybeans | $12.77/bu | November 2026 futures | CME Group via Yahoo Finance ↗ | |
| Soybean meal | $347.00/US ton | December 2026 futures | CME Group via Yahoo Finance ↗ | |
| Soybean oil | $0.6863/lb | December 2026 futures | CME Group via Yahoo Finance ↗ | |
| SRW wheat | $6.83/bu | December 2026 futures | CME Group via Yahoo Finance ↗ | |
| HRW wheat | $7.34/bu | December 2026 futures | CME Group via Yahoo Finance ↗ | |
| Live cattle | $221.40/cwt | December 2026 futures | CME Group via Yahoo Finance ↗ | |
| Feeder cattle | $331.07/cwt | November 2026 futures | CME Group via Yahoo Finance ↗ | |
| Lean hogs | $70.08/cwt | December 2026 futures | CME Group via Yahoo Finance ↗ |
The USDA's September 30, 2026 quarterly stocks report showed corn inventories well above market expectations, a bearish signal for the feed grain, while wheat stocks came in below forecasts and soybean stocks were slightly supportive, according to an analysis by ADM Investor Services.
U.S. Trade Representative Jamieson Greer said on October 1, 2026, that there is no set timetable for implementing proposed tariff reductions covering roughly $60 billion in U.S.-China trade, citing required legal and public comment processes. The announcement tempers expectations raised by a September 27 agreement, and leaves key agricultural commodities — including non-seed soybeans — facing continued uncertainty.
Sunflower oil prices fell for a third consecutive month in September 2026, according to FAO data, as ample Black Sea supply weighs on the market. However, damaged Ukrainian port infrastructure, elevated maritime risk premia, and constrained Russian export routes are cushioning the downturn and keeping volatility high.
Wheat prices in the Rhine region are moving largely sideways heading into Q4 2026 and early 2027, with bread wheat quoted at 240 EUR/t for October–December and only a modest 4–5 EUR/t carry into Q1 2027. Corn and rapeseed are sending stronger price signals, with EU corn commanding a clear premium over feed wheat and rapeseed posting the steepest forward curve in the complex, drawing feed-sector attention away from wheat.
US corn and wheat futures recovered from multi-week lows on October 1, 2026, while soybeans fell across the complex. Key market drivers included a record-high US winter wheat acre abandonment rate, a sharp cut to Russia's wheat export forecast, surging US soybean export commitments led by China, and record combined biodiesel and renewable diesel production in July.
The United States and China have agreed to pursue reciprocal tariff reductions covering $60 billion worth of goods, including US corn, wheat and meat as well as Chinese consumer products, following a presidential summit in Washington. Non-seed soybeans — the largest US agricultural export to China — were excluded from China's list, prompting criticism from the American Soybean Association and a sharp drop in Chicago soybean futures. The two sides also extended their trade truce through to 10 January and agreed on an agriculture working group.
The European Commission has told Ukraine there are no plans to renegotiate its agricultural export quotas, rejecting Kyiv's request for expanded bioethanol access even as Russian strikes continue to damage Ukrainian infrastructure and constrain its exports.
The Agriculture and Horticulture Development Board's final assessment of the UK's 2026 cereal harvest shows winter wheat averaging 6.9 t/ha — about 11% below the five-year average — while spring barley and oats also fell well short of benchmarks. Oilseed rape was the sole standout crop, yielding roughly 19% above its five-year average. AHDB warns that some arable farmers are now facing a second or third successive difficult harvest.
China has published a 1,619-tariff-line list of U.S. products eligible for consideration for lower tariffs, covering corn, wheat, cotton, beef, pork, dairy and ethanol, but notably omitting commercial (non-seed) soybeans and distillers dried grains with solubles (DDGS). Actual tariff reductions remain pending domestic legal processes in each country, and the widely cited "30-for-30" figures represent a 2024 trade valuation benchmark rather than a purchasing or savings commitment.
Deoxynivalenol (DON), commonly known as vomitoxin, is emerging as a significant problem in the 2026 corn harvest, prompting grain handlers including Dayton Cargill to test every load. The heat-stable mycotoxin concentrates in distillers dried grains and poses regulatory and financial risks for the animal feed industry.
Ukrainian wheat prices remain depressed but stable as Black Sea export logistics keep volumes well below capacity, while German feed wheat trades sideways at elevated levels. The discount of Ukrainian origins to Western European benchmarks is expected to persist into early October 2026.
Agricultural commodity futures posted sharply divergent results in the week ending 25 September 2026, with November soybeans gaining 15½ cents to $13.19 per bushel and November feeder cattle surging nearly $14, while wheat contracts fell as much as 27¾ cents. China trade developments, harvest-season supply pressure, and commodity-specific fundamentals drove the split outcomes, according to a weekly market analysis published by Ag Bull on 26 September 2026.
