Monday was a mostly negative day for our markets. Harvest corn closed down 2 1/4, harvest soybeans closed down 5 1/2, spot winter wheat closed down 3 1/4 and spot spring wheat closed up 6. In the overnight trade corn, soybeans and spring wheat are mixed with winter wheat negative. Oil closed down $3.98 yesterday at $86.85 per barrel. It is weaker in trading again this morning with it now priced at $84.49. Our dollar started out yesterday morning at $0.709 US and with some choppy trading has trended mostly lower since then. This morning it is currently valued at $0.706 US.
Soybeans did trade positive for part of the day yesterday before pulling back. It seems that fears of a much higher yield being reported with today’s monthly WASDE report brought the bears back to life and prices pulled lower.
The average trade guess for the soybean yield today is 53.6 bushels per acre. In October the USDA projected the soybean yield at 53.1 bushels per acre. Last year the average yield was 53 bushels per acre.
For the corn crop the average trade guess has the yield decreasing from 181.2 bushels per acre last month to 180.5 bushels per acre. Last year the average yield was 186 bushels per acre.
We never know for sure what the USDA will do and this report is no different. We could see surprises either way with the yield projections which could bring more price volatility to the marketplace. The report does come out at noon today.
The USDA released their Weekly Crop Progress Report yesterday. The corn harvest is now reported at 81% complete. This is up from 74% last week but remains behind the 5 year average of 86% complete.
For soybeans the harvest is reported at 92% complete. This is up from 88% last week and is just ahead of the 5 year average of 91% complete.
Winter wheat plantings have reached 89% complete which is just behind the 5 year average of 90% complete. The good to excellent rating for this crop was reported at 49%. This is up from 44% good to excellent rating last week.
This report should be supportive corn prices with the harvest somewhat dragging. For soybeans the report is more neutral with the strong harvest pace and mostly neutral for winter wheat.
Geoffrey Guy | 613-880-2707
Adam Plater | 613-220-8961
Bob Orr | 613-720-1271
Tony Mitchell | 613-227-2525
Office | 613-489-0956
Cash bids that morning
These are the prices as published with this post (7:51 AM EDT) — they are not current. View today’s cash bids →
| Name | Notes | Basis Month | Futures Price | Fut. Chg. | Basis | Cash Price | Cash Price (tonne) |
|---|---|---|---|---|---|---|---|
| CORN | Spot | Sep 2026 | 4.6475 | +2.75 | 2.05 | $6.70 | $263.67 |
| CORN | Harvest 2026 | Dec 2026 | 4.8800 | +3.25 | 1.60 | $6.48 | $255.11 |
| CORN | Harvest 2027 | Dec 2027 | 4.9900 | +0.50 | 1.15 | $6.14 | $241.72 |
| SOYBEANS | Spot | Aug 2026 | 12.3775 | +4.75 | 4.20 | $16.58 | $609.12 |
| SOYBEANS | Harvest 2026 | Nov 2026 | 12.4400 | +5.00 | 3.70 | $16.14 | $593.04 |
| SOYBEANS | Harvest 2027 | Nov 2027 | 11.9575 | +2.00 | 3.30 | $15.26 | $560.62 |
| WHEAT, SRW | Spot | Sep 2026 | 7.0750 | +1.75 | 1.90 | $8.98 | $329.77 |
| WHEAT, SRW | Harvest 2026 | Sep 2026 | 7.0750 | +1.75 | 1.80 | $8.88 | $326.10 |
| WHEAT, SRW | Harvest 2027 | Jul 2027 | 7.3700 | -1.75 | 1.30 | $8.67 | $318.57 |
| WHEAT, HRW (INCLUDES PROTEIN) | Spot | Sep 2026 | 7.0750 | +1.75 | 2.10 | $9.18 | $337.12 |
| WHEAT, HRW (INCLUDES PROTEIN) | Harvest 2026 | Sep 2026 | 7.0750 | +1.75 | 2.00 | $9.08 | $333.45 |
| WHEAT, HRW (INCLUDES PROTEIN) | Harvest 2027 | Jul 2027 | 7.3700 | -1.75 | 1.50 | $8.87 | $325.92 |
| WHEAT, HRS (INCLUDES PROTEIN) | Spot | Sep 2026 | 7.2775 | -0.01 | 2.00 | $9.28 | $340.89 |
| WHEAT, HRS (INCLUDES PROTEIN) | Harvest 2026 | Sep 2026 | 7.2775 | -0.01 | 1.90 | $9.18 | $337.22 |
| WHEAT, HRS (INCLUDES PROTEIN) | Harvest 2027 | Sep 2027 | 7.59 | +0.06 | 1.75 | $9.34 | $343.19 |
Cash bids are based on 10-minute delayed futures prices. All grain prices are subject to change at any time.
