08/27/26 Buckle Up; Please Keep Hands & Feet Inside for Duration of The Ride

08/27/2026 Click Above to Watch the Morning Market Talk Video Buckle Up; Please Keep Hands & Feet Inside for Duration of The Ride On the Grains Front-month SRW wheat futures pushed to the highest levels in three years overnight before sharply retreating. Futures are trading around 20 cents off their overnight highs early this morning. Of note: SRW and HRW contracts have expanded limits of 70 cents today. Corn and soybeans are lower on pullbacks from Wednesday’s strong gains. Wheat remains a geopolitically headline-driven market, with focus on the Black Sea region. Russia increased its barrage on Ukraine’s grain export hub in the Odesa Oblast overnight with more than seven hours of missel and drone attacks. Meanwhile, Ukrainian President Volodymyr Zelenskyy’s top official said talks between Ukrainian and Russian officials could be held in ‌September and include U.S. representatives. Export abilities for both countries have been compromised over the past two months, causing concerns about supplies from the region. Traders have added roughly $1.50 of war/geopolitical premium to front-month SRW futures during that time. Soyoil futures are under heavy pressure again this morning as the market braces for EPA’s pending announcement on small refinery exemptions for the 2025 compliance year,…