Morning Markets: Corn: +1.25.
Beans: -1.25. Wheat: +2.50.
State Bank of Bement will be passing out Harvest Bags TOMORROW! 10/14 from 1:30pm-3:30pm in Bement
United Prairie will be serving lunch Friday, 10/16 from 11am-1pm in Pierson
MARKET SUMMARY:
Good morning. While still more choppy/quiet than not, overnight ag trade has been mostly lower into Tuesday morning, with the beans and meal leading the down move and dragging the grains along for the ride while bean oil is the lone member of the bunch trading in the green. Inputs to this point in the morning are little changed from yesterday - traders are continuing to deal with the fallout from Friday's report, but broader focus and most of the newswire chatter to start this week has seemingly been on the ongoing global geopolitical issues, as well as Chinese demand and the prospects for El Niño in South America. It's a combination of these three things that will more likely than not drive the majority of CBOT ag futures pricing over the next several months. Corn futures to start Tuesday are again trading on either side of unchanged, soybean futures are trading 3-4 cents lower, and the Chicago wheat market is trading 3-4 cents lower also.
Trivia: What river runs through Paris? (answer below)
Crude Oil is down $0.86 at $92.88
US Dollar is down at $102.19
Dow futures are up 438 points at 52,548
WEATHER:
- A weak low pressure system and the associated cold front look to be the main weather features for the Midwest this week, with the models this morning still seeing fairly widespread rainfall chances across a lot of the central US between now and Friday. Totals are seen slightly less this morning than they were yesterday, but coverage has expanded a bit to cover more of MO/IL/IN in the central part of the Midwest.
- This front will also cause a bit of a roller coaster ride in temperatures - a lot of the Midwest will see record or near record highs again today, but this heat will be briefly replaced by frost chances on the weekend. The cool doesn't look to last either though, as the models see highs into next week back above normal, though not quite as hot as what was seen this week.
OTHER HEADLINES:
- A COFCO executive said at an annual conference on Tuesday that Chinese soybean imports during Q4 of this year were expected to average around 9.5 MMTs per month. From the US perspective, more important is the origin of those beans and not necessarily the total, with data as recent as August still showing Brazil accounting for the bulk of China's soy purchases. Of note, the source added that Chinese corn imports were only expected to reach 3.5 MMTs during the 2026/27 season.
- In their weekly progress update, private South American consultancy AgRural said on Monday that recent rains in Mato Grosso and other parts of central Brazil had allowed for good planting progress to be made over the last week, with the gap in progress between this region and the southern region said to have meaningfully narrowed. The group sees total soybean planting progress at 15% complete vs 14% last year, while first crop corn planting is seen at 44% complete vs 45% a year ago.
- Touched on it briefly on Monday, but the White House late last week completed its review of the EPA's biofuel reallocation plan, signaling some sort of announcement on the matter could be made in the near future. After exempting small refiners from more blending requirements than was initially expected, the EPA pledged to reallocate that volume to other larger refiners, but most in the industry are skeptical of whether or not this will actually happen due to precedent set during Trump's first term.
- In livestock news, state researchers from China said this week that pork production was likely to reach another annual record by the end of the year, likely worsening an already poor economic situation as consumption rates have continued to fall. Chinese pork production totaled a record 59.38 million tons in 2025, while domestic consumption had already fallen more than 5% from the year prior.
- The French Farm Ministry cut another almost million tons off its monthly corn production forecast this week, now estimating the crop at just 7.3 MMTs, confirming what is expected to be the smallest crop in decades as heatwaves and drought damaged crops. The group also slightly trimmed its soft wheat production forecast from 31.7 MMTs to 31.5.
EXPORT NEWS:
- N/A
Answer: The Seine
Be careful!
Bailey Runyen
Grain Originator | Topflight Grain Coop.
101 N. Main St. | Cisco, IL 61830
Phone :: 217-669-2141
Email :: brunyen@tfgrain.com
