This week’s export sales report shows corn net sales of 539,900 MT for the 2025/2026 marketing year, which began September 1, primarily for Mexico. Exports for the period ending August 31, of 752,000 MT brought accumulated exports to 69,081,400 MT, up 27 percent from the prior year’s total of 54,277,300 MT. Soybeans had net sales of 541,100 MT for 2025/2026 marketing year, which began September 1, primarily for unknown destinations. Exports for the period ending August 31 of 406,600 MT brought accumulated exports to 50,105,900 MT, up 13 percent from the prior year’s total of 44,510,100 MT.
Support for Dec corn is seen at $4.10 down to $4.00 with resistance at $4.25-4.30. Nov beans continue to hold above $10.20 support with next levels of support at $10.00 and then $9.80.
Eyes are on falling river levels in the Miss/Ohio Rivers and rising cost of barge freight for LH Sept and FH Oct. River bids may reflect the higher costs of freight by lowering basis levels. October barge tariff for our river area is up to 800%. The lower Mississippi River is seeing 750% of tariff. Reduced tariffs levels are coming in post-harvest but still elevated. Cario, Illinois could see some navigational problems over the next few weeks.
