October 9, 2026

Mid-Co Morning Comments:
 

• Grain markets are mixed ahead of today’s October WASDE report with soybeans 5-6c firmer and Dec ’26 corn unchanged at the break. Soybean spreads are stronger while corn spreads are mostly even.
• Hurricane Isais is expected to make landfall late tomorrow night between Gulf Shores, AL and Destin, FL. The storm is currently a Category 2 hurricane with sustained winds near 110 mph. The latest track keeps it east of the Corn Belt, limiting potential harvest disruptions.
• A system is moving across Illinois this morning with some yellow and orange showing up on radar. Extended forecasts have turned a bit wetter across much of the Corn Belt, with decent rain chances over the next seven days extending into Iowa and the Dakotas.
• Soybean harvest has been rolling this week with another big day of receipts yesterday and plenty of beans coming in at just 8-9% moisture. Yield reports continue to be massive. CIF soybean values strengthened yesterday amid rumors of renewed Chinese buying interest, likely lending support to bean spreads as well. We’ll see if any daily export sales announcements surface today or Monday. Corn basis has firmed in some spots where soybean harvest is the focus including ALTO Pekin posting +4Z for corn this week.
• Today’s WASDE has the trade looking for a corn yield of 177.7 bpa and soybean yield of 52.8 bpa. Corn acreage will be worth watching, particularly out West where additional silage acres could come into play. October reports typically don’t bring major acreage adjustments, but it’s something to keep an eye on. Please reach out with any questions ahead of the 11 a.m. release.