Monday, January 26, 2026, 7:30 am

Friday was a positive day for our markets.  Spot corn closed up 6 1/2, spot soybeans closed up 3 3/4, spot winter wheat closed up 14 and spot spring wheat closed up 1 1/4.  In the overnight trade corn is negative with soybeans and the wheat sector on the positive side.  Oil closed down $0.27 on Friday at $59.36 per barrel.  It is stronger in trading this morning with it now valued at $61.15. Our dollar traded between a low of $0.725 US and a high of $0.730 US on Friday with it closing out at the high end of the range.  This morning with some choppy trading it is up just a bit with it currently valued at $0.731 US.

Last week was a positive week for our markets.  The corn market was up $2 per tonne for both the spot market and harvest 2026.  Soybeans were up $4 per tonne on the spot market and $6 per tonne for harvest 2026.  Both spring wheat and winter wheat were up $4 per tonne across the board.

We should note that US export sales and shipments were strong over the last week and were led once again by corn sales.  Their corn remains in demand on the global market and it is looking like the USDA may have to increase corn export sales in future monthly WASDE reports.

Our dollar has strengthened this month as the US currency has recently been weaker against most other major currencies.  This is putting some downward pressure on local basis levels for both old crop and harvest 2026.  This is something that all producers should be aware can drastically changes prices from one year to the next.

With the US Government looking once again at a shutdown there was talk that E15 was gaining some traction and could have been added to a funding bill.  Reports now say that the current administration did not push this and as such it was put on the backburner.  It seems that this would have been a great opportunity to increase ethanol demand and bring more support to the corn market.

The cold weather at the end of last week and this past weekend could be bringing some winter weather premium to the wheat market.  With sub-zero temperatures covering almost all of the US winter wheat growing regions fear of winter kill has been raised again into this market.  With the forecast bringing snow to all of these areas it will be interesting to see if the weather premium stays.