Closing Markets: Corn: -6 old & -5.50 new.
Beans: -7.25 old & -6.75 new. Wheat: -2.75.
Topflight Grain is offering Free DP on soybeans to all full-time locations except Maroa based on space availability good through August 31, 2026.
We are also offering Free DP on corn delivered to Pierson and Milmine based on space availability good through August 31, 2026.
Good evening!
Market Recap-
Corn and soybeans came under modest pressure today on generally uninspiring old crop export demand and mostly favorable weather for crop development across much of the Corn Belt. Wheat closed mixed, shrugging off escalating tensions in the Black Sea region.
Corn Summary-
Corn futures backed off overnight highs as traders faded the recent weather rally, with improving Midwest rain chances and resistance near the 100-day moving average encouraging profit-taking. Sluggish export demand added to the pressure.
Soybean Summary-
The soy complex finished mixed, with soybeans closing modestly lower, soybean meal posting solid gains, and soybean oil ending weaker. Soybeans continue to balance strong domestic crush demand against uncertain export prospects. While reports suggest China has shown interest in Gulf and PNW supplies, the lack of recent flash sales and an improving U.S. weather outlook limited bullish momentum.
Wheat Summary-
Wheat futures retreated after early strength stalled near technical resistance, triggering profit-taking after the market’s sharp rally earlier in the week.
Outside News Headlines-
Crude oil futures down $0.30+/bbl.
Weather Updates-
Through this weekend, strong heat remains the dominant weather feature across the Corn Belt as a persistent ridge keeps temperatures well above normal and limits widespread rainfall. Both the GFS and EU weather models show only scattered, localized thunderstorms, with most areas expected to receive less than 1 inch of precipitation through the weekend. The EU model remains slightly drier, while the GFS allows for somewhat better coverage across northern portions of the belt.
Forecast confidence decreases next week, but both models trend toward improved Midwest rainfall as the ridge shifts southwest and allows more disturbances to move through the region. The GFS remains the wetter model, favoring beneficial rains from SD/NE through IA into northern IL and southern WI, while the EU model is less aggressive but still indicates better precipitation chances than current conditions. Temperatures should moderate somewhat, though most areas are expected to remain near to above normal.
Enjoy it!
Bailey Runyen
Grain Originator | Topflight Grain Coop.
101 N. Main St. | Cisco, IL 61830
Phone :: 217-669-2141
Email :: brunyen@tfgrain.com
