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Grains Are Wobbling, So Mark Your Calendars for September 30
Yahoo Finance· 2025-09-29 19:00
Group 1: Corn Market Insights - December corn futures prices decreased by 2 cents last week, indicating a struggle for price stability as U.S. harvesting accelerates with expectations of very large yields [1] - The corn bulls are facing challenges in maintaining an upward price trend, with recent trading showing volatility and a potential rollover in the daily price chart [2] - Export demand for U.S. corn has been strong, which is expected to support prices, with new trade deals anticipated to further boost global demand [5] Group 2: Soybean Market Dynamics - November soybeans futures fell by 11 3/4 cents last week, with concerns over a bearish pennant pattern forming on the daily chart, indicating potential price weakness [7] - The soybean market is under pressure from the weak performance of soybean meal futures, which are crucial for the overall health of the soy complex [7] - Recent news of increased Argentine soybean exports, primarily to China, has not significantly altered the expected total exports, suggesting that while short-term needs may be met, long-term global demand for soybeans remains strong [8]