10-08-26 Isaias Intensifies; Calm Before USDA’s Friday Storm

10/08/2026 Isaias Intensifies; Calm Before USDA’s Friday Storm Morning Market Talk There will not be a Morning Market Talk this morning due to technical difficulties. On the Grains: Grain and soy markets traded quietly in relatively tight ranges overnight amid a lack of fresh news. Corn and winter wheat markets modestly favored the upside, while soybeans traded mildly lower. Today’s daytime session should feature positioning ahead of Friday’s USDA crop reports. Traders are looking for a smaller corn crop estimate and little change for soybeans. Corn and wheat ending stocks are expected to increase from last month, as Sept. 1 stocks came in higher than anticipated, while soybean carryover is expected to decline slightly. Crude oil futures rose sharply overnight as Hurricane Isaias intensified and is expected to make landfall along the U.S. Gulf Coast late Friday or early Saturday. Offshore producers had already shut in roughly 25% of crude output and 16% of natural gas production through the region, according to the federal Marine Minerals Administration. However, forecasters are increasingly confident that the hurricane will land east of major energy assets off the coast of Louisiana and Texas, resulting in only short-term shutdowns. Heavy rains are expected along the Gulf…