September 15, 2026

Mid-Co Morning Comments:
 

• Good morning.  Grain prices are lower on a setback from yesterday’s small bounce.  Not much new grain news overnight.  The trade still awaits more harvest data, although corn harvest is picking up in the southern half of Illinois.  Still not a lot of beans done yet.   Iowa has been slow with more rain moving through the state overnight.   It is pushing through Wisconsin and northern Illinois this morning.  Temps will stay on the warm side versus average, but the nights have been noticeably cooler.  President Trump stated yesterday that Russia and Ukraine would agree to stop hitting energy facilities as the President is saying that is contributing to high diesel prices.  That comment didn’t have much weight as both sides continued attacks overnight with Ukraine hitting another Russian refinery.   Crude is up again this morning.  No real progress being made in Iran talks.  NOPA crush data for August is out later this morning.  Crush is expected to come in near 211 mbu., which would be down from July but still a new record for August.  Maintenance downtimes are contributing to the slower pace in August.  Conab is out with a Brazil update this morning.  They will have their first look at new crop production in October.  The FED starts its meeting today.  Now at a 92% chance of an increase tomorrow.   You can basically draw a straight line of support under December corn over the past few sessions near $5.25.    The 20-day moving average comes in to play today at $5.26 ¾.  November beans need to hold yesterday’s low of $12.92 or risk further downside.  Support below that is down near $12.80.   Have a safe day.