November 13, 2026

Mid-Co Morning Comments:
 

• Grain markets are firmer this morning with soybeans up double digits and corn a few cents higher. Talk of drier conditions developing in northern Brazil is lending support to soybeans, while reports of a pause in Russia/Ukraine peace talks are adding some uncertainty. Corn and soybean spreads are moving higher as well, with CZ/CH reaching a new high of -11¼ overnight.
• Weekly export sales were impressive for corn at 113.43 million bushels, near the top end of trade expectations. Soybean sales came in at 42.43 million bushels, toward the lower end of estimates. While a strong week for corn, cumulative sales remain well behind last year’s record pace.
• Multiple flash sales were announced this morning, including corn to Mexico and soybeans to China, Vietnam, and unknown destinations. Encouraging to see some additional soybean business on the books, especially to destinations outside of China.
• Basis was mostly steady yesterday, with some modest strength noted in CIF corn values. Soybean processor bids were largely unchanged, with Bartlett in Cherryvale, KS being the exception, lowering nearby bids a nickel to +15F.