Wednesday, August 19, 2026
Closing Markets: Corn: +9.75 old & +10 new.
Beans: +20.50 old & new. Wheat: +15.75.
We will hold our Annual Crop Tour Meetings Thursday, August 27th
Lincoln ~ Knights of Columbus ~ 8 am for Breakfast!
Monticello ~ Monticello Community Building ~ 12 pm for Lunch!
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.
Good evening!
Market Recap-
The rally week in the grain and soy markets continued on Wednesday, with CBOT futures markets finishing higher across the board on what we would best describe as a continuation of premium injection based on perceived crop losses out of this week's Pro Farmer tour. Throughout much of the spring and summer, rally moves in the markets were more demand-related events than supply, but this sentiment is seemingly shifting in real time amid what are apparently shrinking US corn and soybean crops and tightening global balance sheets.
Corn Summary-
Corn futures took out the old summer highs on Wednesday, continuing to work to the upside amid an influx of new money on falling crop prospects and an already tight balance sheet. The market moved into new territory, but the story is largely the same as its been all the week and there really wasn't anything specifically new to point to for today's portion of the rally. Traders are wondering at this point when demand rationing will begin to occur, with the big question being have we seen the biggest use numbers that WASDE is going to print for the season? We typically refrain from talking politics, but Midterm elections are not far away and the talk regarding food inflation is probably only going to get louder in the weeks ahead; if additional supply cuts occur, we would not be shocked to see some measure of demand cuts occur along with it, whether justified or not.
Soybean Summary-
The soy complex finished in the green on Wednesday, with crop assessments related to the Pro Farmer crop tour continuing to seemingly drive a lot of the buying that has been seen the past few days. The cool, wet weather across a lot of the Midwest so far through August is not the finish to the season many producers were looking for, and seems to be dropping production prospects by the day. Like corn, the balance sheet is already tight and simply can't afford any sort of loss in bushels, especially if the Chinese are going to continue their new buying program.
Wheat Summary-
Not going to spend a lot of time on wheat commentary today, as the market finished the day higher on what remains a volatile situation in the Black Sea region that has produced significant global supply risk over the last few weeks. There is obviously a bullish fundamental story that doesn't seem to be going anywhere, the question now is just how hot do prices get for global supplies that are available into fall and winter.
Outside News Headlines-
Crude oil futures down $0.10+/bbl.
Weather Updates-
Ongoing thunderstorm activity across the central part of the Midwest looks to continue into the end of the week and weekend, with rainfall totals and locations remaining sporadic and fairly unorganized. Through the end of the day on Friday, models don't have any more than an inch in the forecast for anywhere in the Corn Belt, with most of the region actually only seeing a few tenths.
The clouds and moisture will continue to keep temperatures through the mid-section of the country cooler in the short term, while heat stays pushed further to the west and southwest.
Like the last several days, extended range precip forecasts again show a drier pattern emerging across the Midwest and eastern US, with the models coming into better alignment on high pressure working back to the east into the end of the month. The models haven't been super consistent, but are at least in agreement for the most part today.
Relatedly, temperature forecasts in the 10-15 day period trended notably warmer over the last 24 hours, with the more-accurate-of-late EU model now pushing western heat along with the ridging into the rest of the country through the first week of September. The GFS has been slower to adopt this shift, but is also warmer in the period than the solution that was offered on Tuesday.
Enjoy it!
Bailey Runyen
Grain Originator | Topflight Grain Coop.
101 N. Main St. | Cisco, IL 61830
Phone :: 217-669-2141
Email :: brunyen@tfgrain.com
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