Friday, March 27, 2026
Closing Markets: Corn: -5 old & -4.25 new.
Beans: -14.50 old & -8.75 new. Wheat: +0 old & +0.25 new.
All Topflight locations will be closed Friday, April 3rd in observance of Good Friday!!
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-
Happy Friday. Ag markets finished the week mostly lower on Friday, as morning optimism faded throughout the course of the day session and led to lower closes by this afternoon's final bell. For the most part, market focus centered on renewable fuel mandates out of the Trump administration that were finally released today after months of speculation, but that they were mostly as rumored led to a bit of 'sell the fact' trading into the close, leaving the space mostly in the red.
With that news having now come and gone, attention next week will quickly shift to the USDA's stocks and acreage data that is due out on Tuesday, which means most of Monday's price action will presumably be preparatory in nature and feature some amount of position squaring.
Corn Summary-
Corn futures finished the week lower on Friday, as traders likely adjusted risk ahead of next week's USDA reports and as the White House biofuel announcements didn't seem to offer up anything that hadn't already been priced in over the last several weeks, especially in terms of corn ethanol. We mentioned it yesterday, but price action the last couple sessions would seem to indicate the decoupling of ag and energy markets has begun, with this likely to be exaggerated further next Tuesday when the USDA releases its quarterly stocks and acreage update. Headline risk out of the Middle East remains in place to some extent, but this is seemingly getting smaller by the day, and we would think likely becomes mostly a non-factor by the middle of April. Then, it becomes all about weather and planting pace, with acres to debated well into June.
Soybean Summary-
It was all about biofuel news on Friday to end the week this week in the soy complex, though prices somewhat expectedly had a buy the rumor, sell the fact reaction to what were mostly generally ag-friendly mandates from the EPA. With as much premium as had been injected into the complex on the matter over the past several weeks, it’s not at all surprising the market sold off a bit on the news and as arguably much more important data is due out now in less than two more full trading sessions. The mandates are great and 70% SREs are better than expected, but that the administration kicked the can for another 2 years on limiting the credits received for imported feedstocks is not a win for ag and likely keeps the doors open for used cooking oil and other waste products from Asia to continue finding their way into US renewable fuels.
Wheat Summary-
Wheat futures had the best closes to the week of the bunch on Friday, but could do no better than not down as closes were near unchanged in the Chicago market. Biofuel news has little impact on the wheat market which left traders to continue debating Plains rainfall forecasts for next week, much like they'd done the rest of the week this week prior as news was otherwise slow.
Outside News Headlines-
Crude oil futures up $5.00+/bbl.
Weather Updates-
Midwest weather over the weekend doesn't look to have a ton of excitement in the forecast, with the next couple days being on the quiet side from a precip standpoint across most of the region. Weekend temperatures will be the coldest today, and look to gradually warm into the first part of next week; Monday's highs will be back in the upper 70's and 80's after failing to crack the 50's for the most part today and tomorrow.
The drier outlook through the weekend is not expected to last though, as models have several systems again working through the region the back half of next week. Exact totals will be somewhat variable, but the EU model today has rainfall estimated in a range of a half inch to 3-4" throughout most all the eastern and southeastern US by the end of the day next Friday.
Temperatures will continue to have a warmer than normal bias overall in the east, but will continue to see intermittent bouts of cooler air in the short term. Longer term, 10-15 day model outlooks remain highly variable, which is keeping our confidence in any forecast beyond the next week or so lower than normal.
Weekend weather across South America will be on the drier side for the bulk of both Argentina and Brazil, with the only real rainfall chances of note seen across the far southeastern corner of Argentina and then to the far north in the Brazilian Amazon. Temperatures will rise throughout Argentina with the dryness next week, but this isn't much of a crop threat at this point and will largely benefit harvest operations for the most part.
Enjoy it!
Bailey Runyen
Grain Originator | Topflight Grain Coop.
101 N. Main St. | Cisco, IL 61830
Phone :: 217-669-2141
Email :: brunyen@tfgrain.com
Image
... See MoreSee Less
0 CommentsComment on Facebook