September 16, 2026

Mid-Co Morning Comments:
 

• Mixed trade for the middle of the week, with not much new news to chew on. The market will be watching the China/U.S. meeting next week, along with new details out of the Black Sea and the Middle East. Harvest progress will be slowed by the recent rains.
• CIF corn was mixed on changes, with Sept up a penny. Bean CIF, however, continues to nosedive nearby, with this week down 11c and Sept down a nickel. Beans in the south have filled the pipeline nearby and have forced values to trade weaker. River levels are seeing short term relief with the rains.
• NOPA crush data released yesterday showed U.S. soybean crush for August came in at 205.5 million bushels, below trade estimates and an 11-month low. That's down 5% from July, though still up 8% year-over-year.
• Bloomberg stated on Tuesday that the U.S. and China were potentially discussing cutting tariffs on both American energy and agricultural shipments. The discussions also include the possibility for lower duties on Chinese inputs for manufacturers. 
• The Senate Ag Committee is set to reconvene today to try and work through advancing the Farm Bill once again after it failed to pass voting. 
• Much of the Midwest is forecast to receive some form of precipitation through tomorrow, with some areas having received 3–5" over the past 48 hours. In Bloomington, totals reached 2 inches, while areas just east of Bloomington saw an inch overnight.
• Outside markets are trading mixed: nearby crude oil futures are down $2.00/bbl, the Dow Jones index is up 80-90 points, and the U.S. dollar index is up 5-10 points. 
• Today's reports include EIA Weekly Ethanol Production/Energy Stocks.