Friday, February 13, 2026, 6:55 am

The markets are closed on Monday for President’s Day in the US.  Our office will be closed for Family Day. 

Thursday was a nice positive day for our markets.  Spot corn closed up 3 3/4, spot soybeans closed up 13 1/4, spot winter wheat closed up 15 1/4 and spot spring wheat closed up 7 1/4.  In the overnight trade all of our markets have fallen back to the negative side.  Oil closed down $1.89 yesterday at $62.84 per barrel.  It is weaker in trading again this morning with it now valued at $62.26 per barrel.  Our dollar started out yesterday morning at $0.738 US and then went down to $0.733 US before noon.  It has come back up some since then with it currently valued this morning at $0.734 US.

Soybean prices led our markets higher yesterday as the market traded with thoughts that Chinese purchases of old crop soybeans could be increased.  The possible extension of the current trade truce between China and the US is being talked about prior to the two presidents getting together sometime in April.  With projections increasing for the crop this year in both Brazil and Argentina the soybean market is being supply dominated.  The only way to drive prices then seems to be on the political side and dealings between China and the US are definitely all based on politics.

Winter wheat prices reached a new 7 months high yesterday in the US.  It really seems that this is just managed money repositioning some of their funds.  Nothing really on the supply / demand side is coming forward to feed any rally.  This might be a good time to look at cleaning up any old crop sales and getting something booked on the new crop side.  Globally the wheat market is well supplied which will help to keep a lid on prices.

The corn market was supported yesterday with the weekly export announcements out of the US.  They were strong once again as exports continue to provide some price support to the CBOT.  Remember this week the USDA did increase corn exports by 100 million tonnes and we should note that some analysts are talking that this number might be further increased later this trading year.

Friday’s thought: A negative mind will find fault in everything and a positive mind will find opportunity in everything.