October 30, 2026

Mid-Co Morning Comments:

• Grain markets are on the defensive this morning with CZ26 slipping back below $4.50. Spreads are mostly firmer as we hit First Notice Day for November ’26 soybeans. CME reported just one SX26 delivery overnight.
• Basis was mixed yesterday with river terminal corn bids firmer while processors were a mixed bag. Incobrasa in Gilman, IL was among the first to roll soybean bids to SF27, moving from +25X to +15F , firming a few cents in the process. Look for more processors to make the switch by this afternoon. River soybean values remain stout with Jan bids on the Illinois River near delivery values.
• I made the trek through northern Illinois yesterday for customer visits, and soybean harvest looks all but finished with decent yields reported. Corn is a different story. Plenty of 200 bpa averages being reported across central and northern Illinois compared to 240–250 bpa last year. That has me bullish on interior Illinois basis (Marquis Hennepin, ALTO Pekin, BioUrja Peoria), especially with Bartlett Sheffield coming online and pulling additional bushels into rail shipments.
• The crypto world took a massive hit Thursday as Binance, the world’s largest cryptocurrency exchange, reportedly suffered the biggest crypto hack on record. Early reports indicate hackers targeted as much as $8.9 billion, with roughly $6.3 billion moved across 20 blockchains in just 20 minutes. Binance claims it froze about $3 billion and will cover all losses, while blockchain investigators are pointing toward North Korea.