Wednesday, October 14, 2026
Closing Markets: Corn: -2.
Beans: -6.50. Wheat: +4
United Prairie will be serving lunch Friday, 10/16 from 11am-1pm in Pierson
State Bank of Bement will be passing out Harvest Bags Wednesday, 10/21 from 1:30-3:30pm in Bemen

Good evening!

Trivia: 1971 World Series MVP? First Latin American baseball player to win the award. (answer below)

Market Recap-
Fresh input to the grain and soy markets was rather minimal again on Wednesday, which produced another mixed/choppy affair at the CBOT along with two-sided, directionless closes. Light rains across the Midwest look to briefly slow harvest pace again for a day or two into the weekend, but there's dryness in the forecast thereafter and the overall market situation continues to be little changed from previous days. Price discovery is a push/pull between new crop harvest/supply pleasure in the northern hemisphere and a global economic outlook that sees ongoing inflationary risks from a pair of wars that show no signs of ending.

Corn Summary-
Corn futures were lower again at mid-week, trading in the same general range as they have the previous two days following Friday's selloff as there continues to be little new in terms of fresh input and as harvest maybe slows a bit in the south with rains this morning but continues to chug along elsewhere. While sideways price actions this week on one hand has likely been the result of market re-evaluation following the new data on Friday, it’s also possible that it’s the result of farmer hedge selling being offset by end user pricing that isn't allowing futures to really go anywhere. The looser balance sheet relative to this time a week ago is obviously new, but otherwise, the current fundamental landscape, while convoluted, is little changed from what it’s been and traders are looking for something new to grab ahold of.

Soybean Summary-
Confirmation of rumored Chinese demand this morning clearly had little impact on price sentiment throughout the day on Wednesday, with the beans and oil closing lower and the meal higher on what could've been construed as some form of buy the rumor, sell the fact type trade. There was little else new in terms of inputs, with the harvest discussion similar to corn in that there may be brief delays for a day or two this week, but pace otherwise looks to remain hot and heavy into next week. The market knows China is going to buy another 10-12 MMTs of beans between now and the end of the year, but the question then becomes what happens to demand beyond there, especially if Brazil is staring down another record crop.

Wheat Summary-
Wheat futures closed quietly higher on Wednesday, with the situation still little changed in the Black Sea and there still little sign that any sort of progress is being made. While minimal, strength today could've been the result of the above mentioned tender headline being at a higher volume than expected, indicating that global trade at least remains decent despite the ongoing disruptions.

Outside News Headlines-
Crude oil futures up around $1.00/bbl.

Weather Updates-
A frontal boundary is working across the central US on Wednesday, with rains falling across the southern part of the region mostly today and then expanding north and east over the next 24 hours. Rainfall totals look to generally range from 1-2" for most of the region, though some locally heavier totals could be seen further to the south.
The front looks to bring about a drop in temperatures also by the end of the week, with Friday's highs expected to be down some 30+ degrees from those seen the last couple days. The cold will bring about frost risks throughout a lot of the northeast and the northern Midwest, but doesn't look to last beyond the weekend.
Week two forecasts continue to show above normal rainfall biases across a lot of the central and west-central US, while the southeast and the East Coast are continuing to show up drier. Limited model agreement in the period is keeping confidence in the forecast low, but if upper air flow stays out of the southwest, it would favor the outlook and should keep the central and south-central US well watered.
Temperature outlooks are in poor agreement in the 10-15 day period, but have warmer than normal temperatures in the forecast for most all of the US in the ten day period.
Forecasts for Brazil have continued to push better rains into the mid-section of the country over the last couple days, with week one precip maps showing 1-2" of rainfall across most all of the central part of the country and also showing a drier outlook than recent weeks in the far south.
In Argentina, rains look to continue falling regularly throughout the southern half of the country over the next week, but the north has gone drier over the last couple days along with the southern part of Brazil.

Answer: Roberto Clemente, Pittsburgh Pirates. Died in a 1972 plane crash while delivering emergency relief supplies to survivors of the Nicaragua Earthquake.


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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