Monday, February 9, 2026
Closing Markets: Corn: -1.50 old & -0.50 new.
Beans: -4.50 old & +1.75 new. Wheat: -1.
All TFG locations will be closed Monday, February 16th for Presidents’ Day!
Topflight Grain is offering Free PL on soybeans to all full-time locations except Maroa based on space availability good through August 31, 2026.

We are also offering Free PL on corn delivered to Pierson and Milmine based on space availability good thru August 31, 2026.


Good evening!

Market Recap-
Ag markets started the week mixed/mostly lower at the CBOT on Monday, with the grain markets lower, the soybeans mixed, and the products also mixed on what was a quieter day on the news front compared to most of last week. As such, technical trade in the soybean oil and meal markets ended up being the dominant feature throughout the day, with oil still seeing buying as the market approaches last summer's contract highs and with pressure in the meal market erasing around half of the gains seen over three days to end the week last week.

Corn Summary-
The corn market traded quietly lower to start the week on Monday, with narrow trading ranges and light volume compared to last week as most traders are reluctant to take on any sort of sizeable new position ahead of tomorrow's WASDE update. Though the numbers aren't expected to do a lot to the market, you never quite know what you're going to get on report day and in our opinion, this likely led to the somewhat subdued trading activity throughout the day today. The bottom line though remains that the old crop supply situation in the US isn't going to change tomorrow, and so long as that remains the case, the bears will have an argument to counter most anything the bulls want to try and throw at them, be it demand or anything else.

Soybean Summary-
Soybean futures saw mixed trade on Monday, with spreads widening on front month pressure, while the deferred contracts saw buying support on the oil news related to India. The products, meanwhile, also saw spread activity throughout the day, as buying in the oil was offset with selling in the meal market. It's the usual topics that are being discussed again this week, with biofuels taking a lot of the interest, then South American crops, China business, and spring acreage rounding out the rest of the ledger in that order. The plethora of topics has led to some of the daily price volatility, with market direction of late seemingly a product of which headline traders have most grabbed ahold of that day. If China or biofuels, trade has been mostly higher, if South American crop sizes, trade has been mostly lower. And furthermore, as it pertains to the products, the more bean crush there is for oil means there's also going to be more meal supplies, which has been the fundamental side of the ongoing spread trading in those markets.

Wheat Summary-
Wheat futures saw quietly lower trade to get the week started on Monday, with there little in the way of fresh news to talk about coming out of the weekend. World wheat demand has continued to be soft, and sliding prices around the globe have kept US supplies largely uncompetitive on the export market and until this changes, we just don't see a lot that alters price trends until focus shifts to the US winter wheat crop and its condition going into spring in another month or two.

Outside News Headlines-
Crude oil futures up $0.80+/bbl.

Weather Updates-
Midwest weather this week looks to feature ongoing warmth across a lot of the western part of the region and central part of the US, with record highs possible across a lot of states the next few days. Precip-wise, the ridging providing the warmth will also keep precip on the lesser side of average until the back half of the week and this weekend when the models see a pretty big low pressure system ejecting out of the Rocky Mountains and working east across the southern tier of the US. Model agreement on the system today is poor, which will be watched for in the days ahead.
Week two forecasts coming out of the weekend appear to be like last week's runs for the most part, as the models continue to see above average precip potential for most of the northern 2/3's of the US, especially up the West Coast and also through the northeast. On temperatures, cooler air is seen working back across the northern part of North America by the 10-15 day period, but the models today generally see warmer air lingering through the eastern US while the west stays cooler for the better part of the next two weeks.
Argentina's southern growing regions saw decent rains over the weekend, with the models this afternoon now seeing additional moisture throughout the most of the country via several storm systems over the next week to two weeks. There is no sign of heat in the period, as the wetter weather looks to keep temperatures on the cooler side of normal.
This afternoon's EU model run is more like last week's solutions than the GFS model is in still showing a wet corridor through the central part of the country, while areas to the east and west are a little drier. Meanwhile though, the GFS is more spotty today on this precip through central Brazil, which would help aid harvest progress if accurate. Like Argentina, there is no sign of any sort of extreme heat here, which has been the case most of the season.




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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