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2026-09-17 21:28:10
[Chicago Agricultural Commodities Pre-Market: Wheat Leads Decline, Corn and Soybeans Weaken] ⑴ Wheat, corn, and soybean futures are expected to decline ahead of Thursday's resumption of trading on the Chicago Board of Trade. ⑵ Wheat is expected to fall by about 9 to 12 cents, dragged down by technical selling and weaker crude oil prices, but continued concerns about disruptions to Black Sea grain exports limit the decline. ⑶ The actively traded December wheat contract touched resistance above its 20-day moving average in overnight trading, having failed to break through for four consecutive trading days. ⑷ The Ukrainian state railway operator said that Russia damaged a bridge in the Odessa region, significantly limiting Ukraine's ability to transport grain through Danube ports. ⑸ The U.S. Department of Agriculture reported net export sales of approximately 326,000 tons of U.S. wheat for the week ending September 10, in line with trade estimates. ⑹ Corn is expected to fall by about 2 to 4 cents, affected by lower crude oil prices and the approaching harvest season in the U.S. Midwest. ⑺ The U.S. Department of Agriculture reported net export sales of approximately 1.027 million tons of U.S. corn last week, near the lower end of the trade estimate range. (8) Soybeans are expected to fall by about 1 to 3 cents, following technical selling after three consecutive days of gains. (9) The U.S. Department of Agriculture reported that net export sales of U.S. soybeans for the week ending September 10 were approximately 1.702 million tons, in line with trade estimates.
