3 Big Things Today, Sept. 10, 2025

1. Corn, Soybeans Lower in Overnight Trading

Corn and soybean futures were lower overnight amid lofty production expectations and favorable weather conditions in the U.S. 

The Department of Agriculture last month forecast domestic corn production in the 2025/2026 marketing year that started on Sept. 1 at 16.742 billion bushels on yield of 188.8 bushels an acre. Both would be records if realized. 

That’d be up from the previous year’s output of 14.867 billion bushels on yield of 179.3 bushels an acre, USDA data shows. 

Ending stocks are expected to jump to 2.117 billion bushels in the current marketing year from 1.305 billion, the agency said. 

Soybean output in the 2025/2026 season is projected at 4.292 billion bushels on yield of 53.6 bushels an acre. That’s down from 4.366 billion bushels on yield of only 50.7 bushels an acre. 

Production will decline while yield surges as growers will likely harvest soybeans from 80.1 million acres this year versus 86.1 million a year earlier, USDA said. 

Also pressuring prices overnight are calls for dry weather in states where the corn harvest has already started. 

Four percent of U.S. corn was in the bin as of Sunday, led by Texas at 69% and North Carolina at 44%, the agency said. 

Corn futures fell 2¢ to $4.17¾ a bushel overnight on the Chicago Board of Trade. 

Soybeans for November delivery lost 3½¢ to $10.27¾ a bushel. Soymeal dropped $1 to $288 a short ton and soybean oil futures declined 0.02¢ to 50.46¢ a pound. 

Wheat futures for December delivery were unchanged at $5.20¼ a bushel. Kansas City futures were steady at $5.10¼ a bushel. 

2. Brazilian Beef Exports, Production Expected to Decline

Beef shipments from Brazil will fall in 2026 as production declines, according to USDA data. 

Exports are forecast at the carcass weight equivalent of 3.55 million metric tons, down from a record 3.85 million tons this year, the report said. 

Brazil has been the world’s largest exporter of beef since 2017, USDA data shows. Exports will account for 31% of all production in 2026. 

China will again be the biggest importer of Brazilian beef, as it’s been each year since 2009. 

Production is also expected to fall in 2026 to a carcass weight equivalent of 11.5 million metric tons, the agency said. That’s down from forecast output of 11.85 million metric tons this year. 

The forecast considers several factors including reduced cattle slaughter, economic conditions affecting domestic consumption and overseas demand for beef, the attaché report said. 

3. Thunderstorms to Refire in Parts of Central Kansas

Isolated thunderstorms are possible in parts of central Kansas again this afternoon, though severe weather isn’t expected, the National Weather Service said in a report early this morning. 

More storms are forecast to roll in after midnight tonight, the agency said. 

“Periodic thunderstorm chances return to the outlook area this weekend and into early next week,” NWS said. 

A flood warning remains in effect in a few counties in central Kansas. 

Further north, storms are also forecast for parts of western South Dakota, the agency said. 

“There is a marginal risk of severe thunderstorms on Thursday, meaning that isolated severe storms are possible,” NWS said. “Primary hazards include hail and strong, gusty winds.”