Harvest Pressure Looms on Grain Futures Markets. Here’s Why You Need to ‘Eat Your Wheaties’ Here.

Corn Market Analysis - December corn futures prices decreased by 6 cents last week, closing near the weekly low, indicating potential selling pressure from speculative bears [1] - The USDA reported a daily U.S. corn sale of 206,460 MT to unknown destinations for the 2025-26 marketing year, which did not significantly boost corn prices [1] - The U.S. corn harvest has started early in many parts of the Corn Belt, leading to increased commercial hedge selling pressure that may limit future rallies in corn futures prices [2] - Recent USDA supply and demand reports have shown a large U.S. corn crop, which appears to have already been factored into futures prices despite the bearish outlook [2] - Weekly U.S. corn export sales were reported at 1.232 million MT for the week ended September 11, indicating strong export demand that may support futures prices [3] - Upcoming U.S. trade deals could enhance global demand for U.S. corn, with positive trade talks between the U.S. and China raising hopes for increased U.S. grain exports to China [3] Soybean Market Analysis - November soybean futures fell by 20 3/4 cents last week, while December soybean meal decreased by $4.60, indicating bearish sentiment in the soy complex [4] - The bearish weekly low closes in November beans and December meal suggest potential follow-through selling pressure in the near term [4] - President Trump's recent discussions with Chinese President Xi Jinping were reported as positive, but U.S. soybean purchases were not part of the talks, which negatively impacted market sentiment for soybeans [5] - The potential for an in-person meeting between the two leaders early next year may not align with the main export window for soybeans, further complicating market dynamics [5]