Markets

Farmers Fill Grain Bins to the Brim as Markets Waver, Corn Prices Slide Again

With corn prices sinking and soybean markets unstable, U.S. farmers are filling every bin they can, choosing storage over sales as they wait for a rebound and clearer market signals.

AgroLatam USA

Facing a fourth straight week of declining corn futures, U.S. farmers are storing more grain than selling-a calculated move to ride out the downturn. "With these prices being so low, we're going to store all that we can," said Josh England, a farmer from Nebraska.

As of Monday morning, December corn hovered near $4.13 per bushel, just above a five-week low, after dropping 5.25 cents Friday. The market remains under pressure from rapid harvest progress and lingering trade concerns. Soybeans, meanwhile, posted a modest overnight rebound after last week's sharp drop, with November futures up 2.25 cents to $10.09 per bushel.

Corn Futures Under Harvest and Policy Pressure

Corn technicals weakened late last week, extending a three-week downtrend as prices failed to hold above key resistance levels. Market sentiment was hit Friday after President Trump threatened new tariffs on China, calling the nation "hostile" over export controls on rare earth minerals. But a Sunday post walking back the remarks helped ease concerns, sparking a partial rebound in commodities and equities alike.

DECEMBER CORN

Still, the ongoing government shutdown continues to cloud the market outlook. Analysts expect the USDA to trim its record corn yield estimate-possibly to 185 bushels per acre-but the data may be delayed without an official Crop Production update.

Soybeans Rebound, But Risks Remain

Soybeans saw a slight recovery overnight following a steep 15.5-cent decline Friday. November futures remain near technical support after slipping below the 10-day moving average for the first time in nearly two weeks.

NOVEMBER SOYBEANS

While the U.S. harvest is believed to be about 50% complete, exports remain sluggish. China has been largely absent from U.S. soybean purchases, continuing to favor Brazilian supplies. Brazil shipped a record 2.47 billion bushels of soybeans to China from January through August-accounting for 76% of its total exports. Purdue University economists noted the scale of China's imports from Brazil is "comparable only to 2018," during the first U.S.-China trade war.

Wheat Hits Contract Lows Amid Oversupply

Wheat markets continue to slump, with December SRW wheat futures touching new contract lows at $4.95 per bushel-their weakest close since 2020. Analysts anticipate U.S. wheat ending stocks could rise to 875 million bushels, up from September estimates, due to larger harvest totals.

DECEMBER CHICAGO SRW WHEAT

Despite strong exports, global supplies are expected to expand modestly to 265.7 million metric tons by the end of 2025-26.

The western Corn Belt and central Plains can expect light rainfall this week, with up to half an inch forecast across Iowa, Kansas, Nebraska, and the Dakotas. The eastern Corn Belt will likely stay dry. Longer-term outlooks show above-normal temperatures and increasing precipitation potential into late October-conditions that could aid winter wheat development.

After a turbulent Friday, Wall Street futures are poised to rebound sharply as trade tensions cool. The S&P 500 and Nasdaq-100 futures both rose more than 1% early Monday, while crude oil climbed back toward $60 per barrel and gold hit a new record above $4,100 per ounce on safe-haven buying.

For farmers, the message is clear: store what you can, watch the markets, and prepare for policy shifts. With yields high but prices soft, storage has once again become one of the most valuable tools on the farm.

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