08/28/26 Afternoon CommStock Report – Watch Out for Weaker Basis and Spreads

The Commstock Report is a twice daily market report. 08/28/2026 Watch Out for Weaker Basis and Spreads PLEASE REFER TO THE BROKER COMMENTARY PAGE FOR UPDATES!! Click Above to Watch Brian’s Afternoon Market Update New Recommendation:  Recco #1:  Sell 10% of 2026 corn with March 2027 futures at $5.50. Recco #2   Sell 15% of 2026 wheat with March 2027 Chicago wheat futures at $8.00.   Recco #3:  Sell 10% of 2027 wheat with December 2027 Chicago wheat futures at $8.00.  Recco #4:  Sell 10% of 2027 soybeans with November 2027 futures at $12.50. Today is the last day for September grain longs to be liquidated or rolled before the risk of taking delivery comes on Monday. You would not expect many deliveries in this environment where the nearby corn spread is historically wide and while there are very few traders with old-crop soybeans available to let go of. The September/December corn futures spread is somewhat of a standout for it being the third year in a row that it has moved out past 20 cents, which is the rough calculation of “full carry” for offering compete coverage of the costs of storage, insurance, and interest associated with holding the grain. It may be partly that…