9/30/26 Sept. 1 Stocks Have History of Surprises

09/30/2026 Click Above to Watch the Morning Market Talk Video Sept. 1 Stocks Have History of Surprises On the Grains: Corn, soybeans and wheat traded higher for most of the overnight session and are near their highs early this morning as traders await USDA’s Quarterly Grain Stocks and Annual Small Grains Summary at 11 a.m. CT. November soybeans have climbed back into the month-long sideways range after Monday’s downside breakout attempt. December corn futures are trying to climb back into the month-long sideways range. Wheat markets are rebounding from their drop to the lowest levels since mid-August. The Grain Stocks Report has a history of big market moves, especially for corn, as traders have broadly missed with their pre-report expectations. Sept. 1 stocks will likely trigger the market reaction. Over the past 10 years, Sept. 1 corn stocks were below expectations seven times, with an average miss of 52 million bu. below the average pre-report estimate. The range of misses was huge at 314 million bu. below expectations to 195 million bu. above expectations, with five of the 10 years being more than 100 million bu. above or below the average pre-report estimate. For soybeans, Sept. 1 stocks were below…