Morning Markets: Corn: -0.75 old & -0.50 new.
Beans: -9 old & -5.25 new. Wheat: -3.25.
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.
Christmas Open House is coming up! 11am-1pm!
Cisco – Tuesday, 12/16
Seymour (Venison BBQ & Chili) & Pierson – Wednesday, 12/17
Emery & Kruger – Thursday, 12/18
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. Happy Friday. Ag markets are lower to round out the week as soybean sales to China remain underwhelming and favorable weather in South America sustains ideal growing conditions as a monster crop is in the making. The markets continue to be less than impressed with the daily flash sales to China. So far, daily flash sales to China total 3.245 MMT, which is only 27% of the total 12 MMT being promised by the Trump Administration. Lack of any fresh fundamental news continues to keep pressure on futures. Corn futures to start Friday are trading 1-2 cents lower, soybean futures are trading 8-9 cents lower, and the Chicago wheat market is trading 3-4 cents lower also. Products are mostly lower, soybean meal is down $1-2/ton and soybean oil is trading 20-30 points lower. Outside markets are mixed, crude oil futures are down 15 cents/bbl, the Dow Jones index is up 80-90 points and the US$ index is up 10-20 points; the S&P500 is down 10-20 points, and the NASDAQ is lower 120-130 points.
Crude Oil is down $0.16 at $57.44
US Dollar is up at $98.49
Global Equities: Japan +0.0%, China +0.0%, and Europe +0.0%
Dow futures are up 87 points at 48,833
EU MATIF Exchange: Corn +0.0% and Wheat +0.0%
WEATHER:
- Snowfall hit the Midwest last night, with more in the forecast for the weekend. The central band of the region can expect between 1-4", while the northern part of the Midwest will be on the lighter side of up to 1 inch. A blast of extremely cold, artic air is forecast to hit over the weekend, but will only last a couple days with warmer temperatures moving into next week.
- Brazil continues to see expanding precipitation throughout southern and south-central Brazil today and through the weekend. Rain fall totals are in the range of 1-2 inches. Extended forecasts continue to show good rains for Brazil through the end of the year. Argentina could see some patchy rain in the north for Sat/Sun, but it will be on the lighter side.
OTHER HEADLINES:
- Deliveries for Friday morning according to the CME Group included 26 contracts of soybean meal, 34 contracts of soybean oil, and 6 contracts of corn.
- The CFTC this afternoon is set to release another catch-up commitment of traders report with data for the week ending November 18th. The COT publication will return to its normal schedule on the 12/29 release date.
- The weekly crop update from the Buenos Aires Grain Exchange in Argentina this week showed corn planting had advanced to 59.2% complete, with all of the crop rated in either the good or excellent category. Soybean planting was seen at 58.6% complete, while 99% of the crop was rated G/EX. Lastly for wheat, harvest was seen advancing to 60.1% complete, while their production estimate was left unchanged at 25.5 MMTs.
- Sinograin has announced another auction of soybeans. The auction set for next week will be for 513,000 metric tons. On Thursday, Sinograin sold the majority of the 512,000 metric tons in its first state-reserve auction since September. The state-owned entity continues to move reserve beans in an effort to make space for U.S. soybeans, while also dealing with abundant domestic supplies.
- According to the USDA, barge shipments down the Mississippi River in the week ending December 6th were seen at 549k tons, which was down nearly 9% from the week prior. Corn shipments at 274k tons were up 8.3% on the week and soybean shipments at 249k tons were down 24.8% on the week. STL barge freight rates increased $ 0.52 on the week to $18.11/short ton.
- A group of U.S. Senators wrote a letter to the Trump Administration asking for a finalized a plan for developing a bird flu vaccine for livestock. Back in June, the USDA stated it was working on a potential poultry vaccine, but has not released any further details. Since the outbreak of bird flu that started back in 2022, approximately 180 million turkeys, chickens, and other poultry have been killed by the outbreak.
EXPORT NEWS:
- 132,000 metric tons of soybeans for delivery to China during the 2025/2026 marketing year
- 104,328 metric tons of soybean cake and meal for delivery to Mexico. Of the total, 93,895 metric tons is for delivery during the 2025/2026 marketing year, and 10,433 metric tons is for the 2026/2027 marketing year
- 250,000 metric tons of corn received in the reporting period for delivery to unknown destinations during the 2025/2026 marketing year
Be careful!
Bailey Runyen
Grain Originator | Topflight Grain Coop.
101 N. Main St. | Cisco, IL 61830
Phone :: 217-669-2141
Email :: brunyen@tfgrain.com
