Wheat

Oats, 160 bushels, machine hours, 28, hand hours, 265.

Wheat, 50 bushels, machine hours, 7, hand hours, 160.

Loading ore, loading 100 tons iron ore on cars, machine hours, 2, hand hours, 200.

Unloading coal, transferring 200 tons from canal boats to bins 400 feet distance, machine hours, 20, hand hours, 240.

Let's look into some other grains here.

Wheat.

This is wheat excluding durum.

Five and a half million tons.

This is much more supportive to corn.

So is soybean ending stocks below 300, and the average trade estimate is 298.

Wheat, kind of neutral, I would say 719 million bushels is what's expected versus 717.

So there's actually an increase in ending stocks expected for U.S. wheat.

Here is today's CM Navigator Agri-Commodity Report with the latest insights and market movements.

I am Mark Millerup, and today I will discuss profit-taking in wheat, renewed talk of Russia-Ukraine negotiations, Black Sea infrastructure attacks, heavier Canadian wheat stocks, Argentina's larger crop estimate, record speculative positioning in Mative, and the latest escalation between the U.S. and Iran.

Wheat finally showed a clearer willingness to take some profit yesterday.

Chicago and Matiff both fell despite another round of attacks around Black Sea infrastructure, suggesting the market is struggling to add more war premium after the recent rally.

Corn also moved lower.

Soybean assessments totaled 422,016 tons, up from 284,051 tons a week prior, but behind the 467,624 tons inspected in the same week last year, the agency said.

Wheat inspections were reported at 342,733 metric tons, down from 431,977 tons the previous week, and down from 429,116 tons a year earlier, the USDA said.

In the first three days of the 2026 to 2027 marketing year that started on September 1st, the agency inspected 635,789 metric tons of corn and 209,820 tons of soybeans for overseas delivery.

Wheat inspections since the start of the grains' marketing year on June 1st are now at 5.13 million metric tons, down from 7.1 million tons during the same period last year, according to USDA in its report.

On livestock, we had live cattle futures closing yesterday with contracts 237 to 450 higher across most of the board.

And feeder cattle futures rounded out the day with contracts up 4.05 to 5.72.

Well, obviously ahead of Friday's report, uh, watching these grain markets closely, a bit of pressure here midweek it looks like.

Wheat leading the way down, moderate losses in beans and corn.

Uh, what are you tracking across this grain complex here midday Wednesday?

A tremendous amount of uncertainty.

They'll wait until the, uh, small grain summary report on September 30th to give their final wheat production estimates.

But corn and soybeans definitely the case.

Wheat still trading headlines out of the Black Sea.

Um, will there be peace? Will there not? Will it continue to escalate? We really saw more escalation last night, but the, but the money flow getting nervous across the ag commodities this morning and selling off.