Soybean futures trade sideways while wheat approaches support. 9/14/26

Soybean futures traded higher but remained in a sideways channel, with the November contract climbing 13'2 to reach 1309'6. Option open interest showed a shift from calls to puts, balancing at 258,000 on the call side and 228,000 on the put side. Corn futures held firm following the USDA report, supported by geopolitical tensions, as the December contract added 6'2 to reach 536'4. Wheat futures continued their downward drift despite production hitting its lowest level since 1970. The December contract fell 15'2 to 710'0 as exports reached a marketing year low, moving closer to the $7 support threshold. Learn more about trading futures and options at CME Group: https://www.cmegroup.com/markets/agriculture.html #Grains #Corn #Soybeans