08/20/2026
Subject: Corn extends into new highs for the move. Same ol story with Pro Farmer Tour just different states!!!
Time Sent: 08/20/2026 08:17 AM
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OVERNIGHT NEWS FROM QT:
• Corn prices are increasing, reaching new highs, with corn spreads firming.
• Illinois corn yield prospects have decreased compared to last year and the three-year average, while soybean pod counts have also declined but remain above the three-year average.
• Attacks on Black Sea grain infrastructure have caused global wheat importers to prepare for tighter supplies, disrupting shipments and elevating prices by over 17% since July.
• Ukraine's grain exports have plummeted by 77% year-on-year due to port blockades, with a significant decrease in shipments to Odesa.
• Malaysian palm oil futures are up for four consecutive sessions because of El Nino-related dry weather concerns and escalating crude oil prices.
• Deere & Company reported its first quarterly profit increase in three years, raising its income forecast due to a surge in construction equipment demand.
• Benchmark prices for corn, soybeans, and wheat are showing upward trends, indicating a tightening supply environment in the agricultural markets.
-- The USDA has been taken to task by Democrat US Senators to explain why beef export sales were overstated last month, and if there was any role played by staff loses in the mistake data release and what the agency is doing to remedy future mistakes. The request comes as many farmers and commodity analysts have questioned the integrity of data from the department.
-- Brazil's CONAB Thursday pegged the country's 26/27 projected total Ethanol production at 41.88 billion liters, that's up from the prior forecast at 40.69 bln L. Center-south Brazil overall 26/27 ethanol output is seen at 38.06 billion liters up from the prior forecast at 66.98 bln L.
Wednesday, August 19, 2026 CME Fertilizer Futures close
-- Markets do not sit still, and trading was stronger on Wednesday in nearly all the urea contracts. The NOLA urea average, at $400.25 puts an estimated retail price in a close balance against December 2027 corn futures. Not the perfect price but better for farmers to consider.
-- Phosphates continue, driven by ingredient supply problems. Specifically, the sulfur required.
Urea, NOLA, barge, st
January, 2027 405 7.5
February, 2027 405 0
March, 2027 405 -2.5
August, 2026 392 0.5
September, 2026 410 19.5
October, 2026 395 8.5
November, 2026 392.5 14
December, 2026 397.5 17.5
UAN, NOLA, barge, st
July, 2026 No Contracts
August, 2026 No Contracts
September, 2026 No Contracts
DAP, NOLA, barge, st
August, 2026 795 0
September, 2026 792.5 -2.5
October, 2026 785 -6
Mid East Granular Urea, mt
August, 2026 No contracts
September, 2026 No contracts
Brazil urea, CFR mt
August, 2026 440 5
September, 2026 445 5
October, 2026 445 7.5
Egypt urea, FOB mt
October, 2026 450 7.5
MAP, CFR Brazil mt
August, 2026 865 0
September, 2026 865 0
Doug Wright
Wright Ag Consulting Services, LLC
620 727 1993
[email protected]
www.wrightag.com
Dave Cameron
QT Information Systems
Business Development Manager/Sales Director
412 South 13th Street Suite C
Tekamah, NE 68061
[email protected]
[email protected]
402-689-6821 Office/Cell
Visit us at these links for more information about QT:
www.qtmarketcenter.com
https://elanco.qtmarketcenter.com/
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