As an added step to our Customer Service we have started to email a summary each day at 10 pm with all your inbound tickets from the day. This will include direct ship customers also. If you have any questions about this service please give us a call.
Tuesday was another mixed day for our markets. Harvest corn closed down 1 1/2, harvest soybeans closed up 3/4, harvest winter wheat closed down 10 1/4 and harvest spring wheat closed up 1 1/4. In the overnight trade corn and soybeans are now positive with the wheat sector negative. Oil closed up $0.44 yesterday at $84.94 per barrel. It is stronger in trading again this morning with it now priced at $85.77. Our dollar started out yesterday morning at $0.721 US then went down to $0.719 US in the afternoon. It has come back up since then with it currently valued this morning once again at $0.721 US.
Our markets were stronger yesterday morning and then pulled back as the trading day progressed. Soybeans closed 15 cents off their high for the day. The wheat market closed about 10 cents off its high for the day and the corn market closed 5 cents off its high for the day. The markets were unable to sustain the early rally with nothing really bearish announced to drive the price pullback.
The Pro Farmer Crop Tour continues to report lower yields for corn and soybeans then the latest USDA projections. Just how much lower the crop tour ends up being then last year we will not find out until Thursday night. Somehow these lower reported yields are not driving prices higher.
The wheat market should be getting more support from the continued bombing between Russia and Ukraine especially as it relates to their various grain exporting assets. Reports came out of a vessel leaving the Port of Odessa in the Ukraine that was bombed with it ending up sinking. This has resulted at least in the short term of a total shutdown of the port with no vessels willing to risk coming in to pick up any grains. How this is not helping wheat to rally makes no sense to me whatsoever.
All in all there is currently more bullish news out there then bearish news for all three of our markets. This should mean that prices will go higher however we currently are not seeing this. Remember the markets never have to do what the analysts think they should do. The markets do what the markets do and with the influence of managed money it does not always make sense. There is no guarantee that prices might go higher. With prices still historically attractive this might be a good time to catch up on some new crop marketing.
Geoffrey Guy | 613-880-2707
Delores Seiter | 613-880-7458
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.
