Happy New Year!

Our office is closed today at noon and will reopen on Friday, January 2^nd, 2026.

Tuesday was another negative day for our markets.  Spot corn closed down 1 3/4, spot soybeans closed down 1 1/4, spot winter wheat closed down 2 1/4 and spot spring wheat closed down 3/4.  In the overnight trade all of our markets remain on the negative side.  Oil closed down $0.13 yesterday at $57.95 per barrel.  It is stronger in trading this morning with it now valued at $58.16 per barrel.  Our dollar had a high of $0.731 US yesterday around noon and has trended lower since then.  This morning it is currently valued at $0.729 US.

Nothing really new happening in our markets.  Analysts are studying the weather maps for South America to see if there will be any break in the mostly favourable growing conditions.  So far any deviation from the favourable weather has been limited to mostly Southern Argentina.  This has not been enough to cause any real concerns for crop production at this time and as such nothing positive for the markets to run with.  Projections for the soybean crop in Brazil keeps increasing with some analysts having it very close to 180 million tonnes.  The big crop just keeps getting bigger.

Weekly ethanol production decreased in the US by 3% last week to come in at 1.095 million barrels per day.  This was somewhat of a disappointment after having record weekly production the previous week.  Even with the reduced production stocks still increased by 1% as demand weakened.

I would like to take this opportunity to thank all of our customers over the past year.  It has been our pleasure to deal with each and every one of you.  We understand that this has been a trying year for many of our producers and as I have said many times we are all looking forward to a better year ahead!