October 14, 2026

Mid-Co Morning Comments:
 

• Grain markets are mixed this morning with soybeans 4-5c higher and corn down a penny or two. CZ/CH is slightly wider at -14 while soybean spreads are firmer with SX/SF at -16. Crude oil is higher with Nov WTI trading near $96/barrel.
• Reuters reports China has booked another 8-10 cargoes of US soybeans, likely helping fuel this morning’s strength in futures and spreads. A flash sale announcement is expected today or tomorrow, which would mark the first in quite some time.
• Yesterday’s Crop Progress report showed US corn harvest one-third complete while soybean harvest reached 46%. Illinois corn harvest is 51% complete compared to 64% in Missouri. With the recent push on soybeans, next week’s report should show a big jump in bean harvest progress.
• Weather forecasts have trimmed rainfall totals for central Illinois and much of the Eastern Corn Belt. Cooler temperatures are still on tap for the weekend with a local low of 37 degrees forecast for Friday night.
• Corn basis was a touch firmer yesterday with a couple of Iowa processors raising bids. Bartlett in Jacksonville, IL bumped nearby corn a nickel to -10Z while Pekin remains the leader at +14Z. ADM Decatur is sitting at +0Z.