December 24, 2025

Mid-Co Morning Comments:
.

• Good morning and Merry Christmas Eve. Grain markets are firmer again this morning as CH26 nears $4.50 futures for the first time since the beginning of December.
• Corn spreads are even while soybean spreads have pushed wider. SF/SH got out to -13 ½ overnight with light volume trading at that level.
• Western soybean processor basis has been weaker this week with Iowa plants continuing to drop bids. Cargill Kansas City followed suit yesterday and weakened bids a dime to -40F.
• Ukraine is reporting that Russian strikes on ports and rail infrastructure have slowed grain shipments out of the black sea for December.
• Argentina weather forecasts have trended wetter with beneficial rains projected for some key growing areas. Soybean planting is estimated to be over 75% and corn plantings at 78%.
• Grain markets will close today at 1205pm Central time and reopen Friday at 830am. Merry Christmas!