Thursday, March 19, 2026
Closing Markets: Corn: +6.50 old & +4.75 new.
Beans: +6.75 old & +4.75 new. Wheat: +3.75 old & +4 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.


Good evening!

Market Recap-
CBOT ag markets were higher again on Thursday, led to the upside on a percentage basis by meal futures which were up more than $10/ton on chart buying and a proposed labor strike in Brazil. From an overall standpoint, the market factor with the most influence on prices in the short term continues to be the geopolitical situation in the Middle East, though things were quieter but still higher on this front today.

Corn Summary-
Corn futures closed higher Thursday on what was another slow day in terms of new market input. From a chart standpoint, May futures made new highs for the week and now have just the blow-off top from last week left above them, which we see as major upside resistance at this point. Should energy values continue to work higher and the war in Iran remain unresolved we can't rule out a push to new highs by the grain markets, but would simply caution that at some point between now and summer, the two markets will likely see a divergence and go back to trading their own individual supply and demand situations.

Soybean Summary-
Strength in the meal market lifted soybean futures to higher closes on Thursday, though it was an otherwise mostly quiet day throughout the complex. Rumors circulated throughout the day that an RVO announcement will not be made at next week's White House gathering on the 27th, which was likely reason for the weakness seen in bean oil. The market wants answers to either this or the question surrounding Chinese bean imports and is expected to stay volatile until/unless this occurs. Like we've mentioned before, should China buy no more beans from the US this year, futures near $12 are overvalued amid what should be dominance of global trade flows by Brazil into summer.

Wheat Summary-
Newswire headlines for the wheat market on Thursday included US Plains weather, uncompetitive export prices on the world market, and happenings in the Middle East; all things that have been beat like a drum in recent weeks. Put the simplest, until the war in Iran sees some sort of resolution, wheat prices likely stay well-supported and keep an upward bias even though the fundamentals may not necessarily support it.

Outside News Headlines-
Crude oil futures down $2.50+/bbl.

Weather Updates-
High pressure over the western and west-central US continues to be the main forecast feature for the Midwest the rest of the week and into the weekend, as it limits precip and keeps temperatures much warmer than normal across almost all of the country. There is change beyond the first part of next week, but the next several days will be largely similar and will be on the quieter side in terms of weather.
Week two precip anomaly maps this afternoon are slightly wetter into the central and eastern Midwest, but are little changed across the rest of the country in continuing to show drier biases. Driest conditions look to be along the Gulf and up the West Coast.
While there is slight change starting to occur in the extended precip forecast, the same can't be said on the temperature side as models continue to show much above average warmth staying in place across almost all of the US over the next 10-15 days.
Near-daily rainfall is expected to continue falling across most of Argentina the rest of this week and into the weekend, which limits early harvest activity but should be a yield boost for later planted crops. To the north in Brazil, rains look to continue here also into the weekend for the northern and central parts of the country, while the south stays drier. Models are still trying to turn a little bit drier in these areas into the first part of April, but signs of an overall shutdown of the rainy season continue to be mostly absent.



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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