10/1/26 Market Wrap Up: Markets Regroup After USDA Surprise as Weather Keeps Pressure on Grain

The market may continue to digest the fallout from Wednesday’s USDA Grain Stocks report, with questions still surrounding the larger-than-expected corn inventories.

Weather and grain quality will remain key factors for the grain markets in the near term. After the initial reaction to the report, markets could see some regrouping and consolidation ahead of the next major USDA report.

In cattle, the back months continue to lead the way, with deferred contracts showing strength as traders look ahead to changing feed costs and the longer-term supply outlook.

Thursday Market Wrap Up with Sam Hudson at Cornbelt Marketing