Thursday, April 30, 2026
Morning Markets: Corn: -2 old & new.
Beans: -2 old & -1.25 new. Wheat: -8.50 old & -8 new.

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. Ag markets are lower across the board this morning in generally a corrective fashion, as both the corn and bean markets made new highs for the week first last night before reversing course and trading lower now this morning on the same general trade themes that have been seen all week. As there continues to seemingly be little progress made in the Middle East, we see oil share and product values as continuing to be the main ag-specific fundamental talking points, followed somewhat closely by weather and planting pace across the Midwest. Corn futures to get Thursday rolling are trading 1-2 cents lower, soybean futures are trading 3-5 cents lower, and the Chicago wheat market is trading 7-9 cents lower.

Crude Oil is down $2.79 at $104.09
US Dollar is down at $98.50
Dow futures are up 276 points at 49,288

WEATHER:
Weather models have tried to put down a small line of storms for the west-central and central parts of the Corn Belt this evening and into tonight, but otherwise, forecast runs this morning are much like those seen previously. Rainfall will continue to favor the southeastern US through the remainder of the week and into the weekend, with the models still then in good agreement on more widespread Corn Belt moisture returning by Tuesday/Wednesday next week.
Temperatures through the first week of May look to stay generally on the cooler side for the eastern US especially, but the 10-15 day outlook maps have been trying to trend back warmer all week, meaning the general cold spell likely doesn't last into mid-month. Elsewhere, there is still good model agreement on areas west of the Rockies staying well above average in terms of warmth all the way through the 10-15 day period, with there being no sign of a change occurring in these areas.

OTHER HEADLINES:
Day one of the May delivery period was fairly active; the CME Group last night assigned 400 contracts of soybean oil for delivery, along with 400 contracts of Chicago wheat, 578 contracts of KC wheat, 19 contracts of corn, 150 contracts of oats, and 235 contracts of rough rice.
This morning's weekly export sales report for the week ending April 23rd is expected to show old crop corn sales in the week between 1.0-1.9 MMTs, old crop soybean sales between 200k-600k MTs, and old crop wheat sales between 0-300k MTs. New crop corn sales are seen between 0-500k MTs for corn, 0-50k MTs for soybeans and 0-200k MTs for wheat.
Despite the UAE announcing plans to exit the OPEC+ oil cartel by the end of the week, sources familiar with the matter say the group is still planning on going ahead with planned production increases at Sunday's meeting. The group is allegedly set to increase output by 206,000 bbls/day, but this would seemingly be reduced by about 18,000 bbls, which would be the UAE's share.
Indonesia's government said in a statement on Wednesday that they would be further restricting wheat imports into the country in an effort to protect local farmers and their markets. The new measures would require buyers to get an endorsement from the ag ministry and submit an application before being allowed to make purchases.

EXPORT NEWS:
Weekly export sales were solid for corn at 63 mbu but tapered off for beans at 9.5 mbu. Wheat was on the high end of expectations at 8.3 mbu.

Be careful!


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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