Daily Morning Commentary
Monday, September 28th, 2026
NEW DATA UNDER THE "SEED" TAB ON THE HOMEPAGE
nwgrgr.com
New October Fuel Surcharges starting Oct 1st
Barge Fuel S/C Districts 1-3: $0.08
Barge Fuel S/C District 4: $0.07
Truck Fuel S/C Districts 1-3: $0.05
Truck Fuel S/C District 4: $0.04
Rail Fuel S/C: $0.06
Madras Truck Fuel S/C: $0.12
2027 RP Base Prices:
Winter Wheat $8.15
Spring Wheat $7.64
Ag markets surged and recovered some losses late Friday following reports that the Trump-Xi summit produced a tentative trade agreement involving tariff reductions, with China expected to lower tariffs on most US agricultural products except soybeans, potentially boosting corn, wheat, and sorghum exports. The agreement reportedly includes China purchasing 10 MMT of US corn annually over the next two years and extends existing commitments, including annual soybean purchases, through mid-January. Meanwhile, the Russia-Ukraine war continues to escalate, while crude oil prices moved higher after the US rejected Iran's proposal to reopen the Strait of Hormuz under its stated conditions, tightening market sentiment.
