Wednesday, January 14, 2026, 6:45 am

Tuesday was a mostly negative day for our markets.  Spot corn closed down 1 3/4, spot soybeans closed down 10 1/4, spot winter wheat closed down 3/4 and spot spring wheat closed up 3/4.  In the overnight trade corn, soybeans and spring wheat are now positive with winter wheat on the negative side.  Oil closed up $1.25 yesterday at $61.15 per barrel.  It is stronger again this morning with it now valued at $61.96 per barrel.  Our dollar had a high yesterday morning of $0.721 US and a low late in the trading day of $0.719 US.  This morning it is right in the middle of the range with it currently valued at $0.720 US.

Row crops continued lower yesterday with the fallout from Monday’s WASDE report.  Luckily the losses were smaller then Monday with this time soybeans being the drag on the market.  With the negative tone of Monday’s report doom and gloom is the feeling with traders and analysts.  This morning I am seeing a report that even with the 3 million tonne increase in the projected soybean crop in Brazil this year up to 178 million tonnes many analysts do not feel this is high enough.  It is being reported that other private projections have this crop increasing up to as much as 184 million tonnes.  This will remain the elephant in the room for the soybean farmer until a definite number is known.

The corn market is also receiving larger projections now for the South American crop.  It really is too early to play with production out of Brazil as the majority of their corn gets planted after the soybean harvest is complete.  However, for Argentina the USDA did increase their production estimate by about 2 million tonnes and now others are talking of a 6 to 8 million tonne increase.  For both of these markets we will need some positive news going forward to reset prices to a positive trend.

Thinking now what positive item could reset our markets.  The first thing that I can think about is a possible new Trade Deal between the US and China.  This would have to be something like the trade deal during President’s Trump first term.  It would have to include major purchases by China of US agricultural products and more specifically corn and soybeans.  China could easily overpay for these products if they are ‘winning’ in other parts of the trade deal.