Morning Markets: Corn: +1 old & +0.25 new.
Beans: +1.25 old & +2.50 new. Wheat: -0.25.
All TFG locations will close at NOON tomorrow and remain closed Thursday for the Christmas holiday!
Topflight Grain is offering Free PL on soybeans to all full-time locations except Maroa based on space availability good through August 31, 2026.
We also are offering Free PL on corn delivered to Pierson based on space availability good thru August 31, 2026.
Grain Marketing Program signups are due by 12/31/25!! Contact your originator with any questions or if interested in signing up!
MARKET SUMMARY:
Good morning. Crazy to think it’s Christmas time! Ag futures are higher to start Tuesday in what has been mostly a quiet continuation of the trade seen to start the week yesterday on Monday, and as the holidays continue to limit the number of those interested in trading. Corn futures are 1-2 cents higher, soybean futures are 2-3 cents higher, and the Chicago wheat market is around a penny higher.
Crude Oil is up $0.14 at $58.15
US Dollar is down at $97.90
Global Equities: Japan +0.0%, China +0.0%, and Europe +0.0%
Dow futures are down 37 points at 48,651
EU MATIF Exchange: Corn +0.0% and Wheat +0.0%
WEATHER:
- Additional heavy rains in the forecast for northern Argentina this week have prompted calls for some flooding concerns the next 5-10 days, but most of the heavy rains will be north of the main growing regions and areas further to the south will see lesser totals. Brazil looks to continue seeing additional rains in the far south this week and through the northwest, but areas in the eastern and central parts of the country will likely stay drier for another several days before the forecast has rains returning by the first part of January.
- Nothing new on the forecast for the Midwest this morning, as models remain in good agreement on nothing more than mostly light/scattered precip for parts of the eastern region ahead of Thursday's holiday, with some more organized precip seen further to the north then Friday and into the weekend. Temperatures will determine who gets rain/snow/ice from that system, with a little bit of all three seen in the forecast this morning.
OTHER HEADLINES:
- A regional Governor in Ukraine said on Tuesday that facilities and a civilian vessel under a Lebanese flag were hit by Russian drones in the Black Sea port of Odessa last night, adding that the ship was carrying soybeans for export. Sources said there were no casualties, but the attack highlights Russia's ongoing efforts to cripple Ukraine's export capabilities.
- Planting progress in Brazil has continued to progress normally, with weekly data from CONAB released late last night showing soybean planting nearly complete at 97.6%, while summer corn planting was seen at 82% complete. Remember, Brazil plants soybeans earlier in the southern and central regions so farmers can plant safrinha corn after they're harvested, while other areas plant soybeans after cotton is harvested which is the reason for beans still be planting while others are being harvested.
- Staying in South America, private group AgRural bumped their production estimate for the Brazilin soybean crop from 178.5 MMTs last month to 180.4 MMTs now this month, adding in a note that harvest had begun in some areas, but that more widespread work wouldn't be likely to occur until after the first of the year.
- Indonesia's government said on Tuesday that it would be allocating 15.65 million kiloliters of palm-based biodiesel for blending with gasoline in the 2026 calendar year, which is a similar quota level to what the government set for 2025. Indonesia is the world's number one producer of palm oils, and is currently in the development phase of increasing their blend mandate from 40% to 50%, possibly by as early as the middle of next year. Unrelated but also to do with Indonesia, sources said overnight following meetings in D.C. on Monday that the country had reached a trade agreement with the US that was expected to be signed at in-person meeting between the two sides later in January.
- A report last week from the USDA's Office of Inspector General showed that roughly a third of the agency's D.C.-based employees resigned in the first half of 2025, even before plans were announced to move at least half of the workforce out of the area and to other locations around the US. From all locations, the report shows that total resignations during the period were more than 20,000, which amounted to roughly 18% of the total staff.
EXPORT NEWS:
- N/A
Be careful!
Bailey Runyen
Grain Originator | Topflight Grain Coop.
101 N. Main St. | Cisco, IL 61830
Phone :: 217-669-2141
Email :: brunyen@tfgrain.com
