Closing Markets: Corn: -7.75 old & -5.50 new.
Beans: -9.25 old & -6.50 new. Wheat: -6.
All TFG locations will close at noon Wednesday for the close of 2025 business!! We will remain closed Thursday for the New Year holiday!
Topflight Grain is offering Free PL on soybeans to all full-time locations except Maroa based on space availability good through August 31, 2026.
We also are offering Free PL on corn delivered to Pierson based on space availability good through August 31, 2026.
Grain Marketing Program signups are due by WEDNESDAY!! Contact your originator with any questions or if interested in signing up!
Good evening!
Markets are lower to start a holiday shortened week.
First notice day for SF26 futures is Wednesday, December 31.
Corn futures are down around a nickel and are testing the 200-day moving average technical support.
Wheat and soybeans are trading 6-8 lower; soybean meal and oil are also down marginally.
Ukrainian president Volodymr Zelenskyy asked for up to 50 years' worth of security guarantees for Ukraine during his meeting with U.S. President Donald Trump over the weekend.
The move closer to a peace deal between Ukraine and Russia is taking some risk premium out of the wheat market.
Other geopolitical news seems to be weighing on markets - the AP reports "China’s military on Monday dispatched air, navy and missile units to conduct joint live-fire drills around the island of Taiwan, which Beijing called a 'stern warning' against separatist and 'external interference' forces."
Corn spreads are weaker this morning with CH/CK down -0.25 to -8.50. The CN6/CZ6 spreads is trading -5.50, down -1.25, after trading as high as -2.25 on Friday.
Soybean spreads are also weaker; SF/SH trading down -0.50 to -14.25 ahead of first notice day.
Private exporters reported sales of 100,000 mt of soybeans for delivery to Egypt during the 2025/26 marketing year.
Through 15 weeks of data Egypt soybean imports from the US are 36% ahead of last year.
Weekly export inspections for week 16 were slightly above expectations for corn at 51.23 mbu and at the low end of expectations for beans at 27.57 mbu.
Inspections for wheat for week 29 were on the high end of expectations at 11.1 mbu.
The dollar index is stable today but is trading at the lows from early October.
Crude oil futures are $1.40 higher this morning around $58/barrell. The strength in crude oil is not helping the grain complex.
A record breaking farmland sale took place in Iowa this week. 31.51 acres were sold for $1.13 million dollars or $32,000/acre. This occured in Sioux County.
Enjoy it!
Bailey Runyen
Grain Originator | Topflight Grain Coop.
101 N. Main St. | Cisco, IL 61830
Phone :: 217-669-2141
Email :: brunyen@tfgrain.com
