Morning Markets: Corn: +5.50 old & +5.75 new.
Beans: +11.50 old & new. Wheat: +10.25.
Topflight Grain is offering Free DP on soybeans to all full-time locations except Maroa based on space availability good through August 31, 2026.
We are also offering Free DP on corn delivered to Pierson and Milmine based on space availability good through August 31, 2026.
MARKET SUMMARY:
Good morning. Happy Friday. Ag markets are higher to get this Friday morning started making some recovery after trading slightly lower yesterday. Dec26 corn futures made a new high at $5.41 1/4 and Nov26 bean futures also made a new lifetime high in the session at $12.79 1/2. Grain markets remained focused on finishing weather for the U.S. crop and the potential for lower corn yields, which would tighten the balance sheet even further. Corn futures to start wrapping up the week are trading 5-6 cents higher, soybean futures are trading 10-11 cents higher, and the Chicago wheat market is trading 8-10 cents higher.
Crude Oil is down $1.22 at $82.31
US Dollar is up at $99.19
Dow futures are up 119 points at 53,740
WEATHER:
- Weather across the Corn Belt is expected to bring moderate rainfall to the northern and northwestern parts of the region. Heat will also begin building, with hot days expected heading into September, though temperatures should stay in line with seasonal averages.
OTHER HEADLINES:
- President Trump and other top U.S. officials released a statement Thursday backing a plan to offset any new small refinery exemptions (SREs) by increasing the 2027 biofuel quotas by approximately 500 million gallons. Both biofuel and farm groups had urged the Trump administration to limit the number of SREs citing concerns that these exemptions would weaken biofuel demand. The EPA made no comment on this proposed plan.
- Weekly crop data out of Argentina from the Buenos Aires Grain Exchange this week showed harvest progress on corn advancing 7% to 88% complete. Production remains unchanged from last week at 64 MMT.
- U.S. corn considered to be in drought area for the week ending August 25th fell 1% to 27%, while soybeans in drought area increased 2% up to 28%.
- According to weekly USDA data, barge shipments down the Mississippi River in the week ending August 22nd totaled 475k tons, which was down 26% from the week prior. Corn shipments in the week at 308k tons were down 25% and soybean shipments at 161k tons were down 17%. STL barge freight rates were quoted at $23.14/short ton, down $0.32 from the week prior.
EXPORT NEWS:
- 182,000 metric tons of soybeans for delivery to China during the 2026/2027 marketing year
- 226,000 metric tons of soybeans received in the reporting period for delivery to unknown destinations during the 2026/2027 marketing year
- 100,000 metric tons of soybean cake and meal for delivery to Germany during the 2026/2027 marketing year
- 100,000 metric tons of soybean cake and meal for delivery to the Netherlands during the 2026/2027 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
