3 Big Things Today, Sept. 9, 2025

1. Grains, Soybeans Little Changed Overnight

Grain and soybean futures were little change overnight, propped up by declining crop conditions but pressured as the U.S. harvest begins. 

About 68% of U.S. corn was in good or excellent condition as of Sunday, the Department of Agriculture said in a report. That’s down a percentage point week to week. 

Four percent of the crop was harvested at the start of the week, just ahead of the prior five-year average of 3%, the agency said. 

Texas led the way with 69% of its crop in the bin, followed by North Carolina at 44%. 

Some 64% of soybeans were in good or excellent shape, down from 65% the week prior, USDA said. About 21% of the crop was dropping leaves, versus 11% a week earlier and the average of 22% for this time of year. 

The spring wheat harvest rolls on with 85% in the bin, up from 72% last week and the 84% average. 

Winter wheat planting started with 5% in the ground, just behind the prior five-year average of 6%, the government said. 

Also weighing on futures overnight was favorable weather in parts of the Corn Belt. Some precipitation is expected in parts of Nebraska, Kansas, and Iowa, but other areas will remain dry and allow crops to dry down ahead of harvest. 

Corn futures fell ¼¢ to $4.21¼ a bushel overnight on the Chicago Board of Trade. 

Soybeans for November delivery rose 1¼¢ to $10.35 a bushel. Soymeal gained $1.60 to $287.20 a short ton and soybean oil futures were unchanged at 51.47¢ a pound. 

Wheat futures for December delivery were unchanged at $5.23¾ a bushel. Kansas City futures fell 1¼¢ to $5.16 a bushel. 

2. Weekly Corn Inspections for Export Improve

Inspections of corn for overseas delivery rose week to week while wheat and bean assessments declined, according to data from the USDA. 

About 1.44 million metric tons of corn were inspected for export in the week that ended on Sept. 4, the agency said. 

That’s up from the 1.41 million tons assessed the week prior and the 849,776 tons examined during the same week last year. 

Wheat inspections totaled 424,993 metric tons, plunging from 803,760 tons a week earlier and down from the 621,102 tons that were inspected in the same week in 2024, USDA said. 

Soybean assessments also fell, dropping to 452,151 metric tons from 491,428 tons the week prior and 621,102 tons at the same point a year earlier.

In the first few days of the 2025/2026 marketing year that started on Sept. 1, USDA inspected 649,501 metric tons of corn for export, up from 481,989 during the same timeframe last year. 

Soybean inspections since the first day of the month were reported at 248,575 metric tons versus 273,588 tons in the same period a year ago. 

Wheat assessments since the start of the grain’s marketing year on June 1 now stand at 7.07 million metric tons, up from the 6.42 million tons examined at this point a year earlier, USDA said in its report. 

3. Flood Warnings Issued in Parts of Central Kansas

Flood warnings are in effect and will remain in place until late tomorrow as showers and storms roll through parts of central and southern Kansas, National Weather Service maps show. 

Showers may redevelop throughout the morning and the strongest of the storms may produce small hail and localized downpours, the agency said. 

More storms are forecast to roll through the area tomorrow morning. 

Rainfall is also possible in parts of eastern Nebraska into central Iowa this morning and again this afternoon, NWS said. Severe weather is not expected at this time. 

“A few strong storms are expected to linger in portions of southeast Nebraska and southwest Iowa through mid-morning with hail and locally heavy rain the primary hazards,” the agency said in a report early this morning.