09/08/26 Funds Stay Bulled Up on Grain/Soy Markets

09/08/2026 Funds Stay Bulled Up on Grain/Soy Markets Morning Market Talk There will not be a morning market talk this morning.On the Grains: Wheat futures posted strong gains coming out of the extended holiday weekend, as Russia rejected a proposal to end attacks on ships carrying civilian goods in the Black Sea, heightening concerns about prolonged disruptions to grain shipments. The Black Sea disruption has moved from redirecting trade to rationing it. Saudi Arabia’s General Food Security Authority cancelled its tender for 535,000 MT of hard milling wheat for November-December delivery after determining that the offers were unsuitable, the first hard evidence that delivered prices have risen past what a major government buyer will pay. Corn and soybeans posted mild gains overnight. The focal point for these markets will be Friday’s USDA Crop Production and WASDE Reports. USDA’s corn and soybean estimates will feature the first objective field survey data, along with farmer surveys, satellite imagery and additional FSA acreage data since August. Private firms are releasing their corn and soybean yield and production forecasts, with more expected early this week. Wire services will release average estimates of a larger list of analysts. Commstock: Corn yield of 177.2 bu. per…