December 15, 2025

Mid-Co Morning Comments:
.

• Grain markets are mixed this morning, with corn and soybeans trading on either side of unchanged. Spreads are firmer, with CH/CK at -8 and SF/SH at -9 ½.
• Basis activity was quiet on Friday. Flash sales to China continue, and export inspections are beginning to reflect shipments moving in that direction. For the week ending November 20, export sales to China totaled 78.7 million bushels.
• Russia continues drone strikes against Ukraine, targeting electrical infrastructure. Reports indicate nearly 500 drones were used, with damage to the power grid creating transportation and logistical challenges to ports.
• The South American weather forecast continues to trend favorable for soybeans. Harvest has begun in certain parts of Matto Grosso and yields are reported as excellent.
• NOPA crush data will be released this afternoon. This marks the final full trading week on the calendar before the holiday period.
•