North Gower Grains

Friday, September 4, 2026, 7:15 am

Thursday was another mostly negative day for our markets. Harvest corn closed down 2 3/4, harvest soybeans closed up 6, spot winter wheat closed down 19 3/4 and spot spring wheat closed down 16 1/2. In the overnight trade our markets are negative or mixed. Oil closed up $0.29 yesterday at $91.30 per barrel. It is weaker in trading this morning with it now priced at $90.48. Our dollar started out yesterday morning at $0.724 US and then went up to $0.726 US before lunch. It has traded within that range since then with it currently valued this morning at $0.724 US.

Our markets all started big time on the negative yesterday before rallying as the trading day progressed. Corn closed 14 cents off their low for the day, soybeans 26 cents off its low and winter wheat 24 cents off its low. Winter wheat traded within a wide 46 cents trading range for the day. Managed money had to be very active players in the trade yesterday.

As always the market reacted to the news out of Russia but how much faith there is that anything will come out of it is definitely up for question. Russia is getting just like China. The market will react to news but is always skeptical on what really will occur. This is a story that will continue to play out as time marches on and unfortunately it is unlikely that this war will end anytime soon.

After the initial pullback the market was supported largely by optimism in the soybean market. China continues to make increased purchases and is reaching closer every day to the target of 25 million tonnes. Current weather in the US is less than ideal for soybeans to finish out their growing season. This is bringing thoughts of lower yields and with the demand side remaining strong it brings strength to the market. We should also note that there are some concerns that Brazil may have lower production this year if they feel the full effect of the ‘Super El Nino’ weather pattern this coming growing season.

Friday’s thought: Advice from a lake – Be clear, make positive ripples, stay calm, shore up friendships, be full of life.

Enjoy the last long weekend of summer!

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