West Central Ag Grain Comments 04/15/26 8:19:09 AM
4/15/26
- Grain markets are firmer this morning, with nearby corn and soybean spreads tightening. CK/CN pushed to -9 overnight while SK/SN firmed up to -14. Dec ’26 corn futures have appeared to found some short-term support near the $4.70 mark.
- Planting activity is picking up where conditions allow, with strong soybean progress across parts of the Midwest—I noticed plenty of action along I-57 south of Champaign yesterday. The 10-day forecast brings rains to MO/IL/IN, while the Western Plains and Southeast stay mostly dry.
- The reported U.S. blockade at the Strait of Hormuz is adding tension to U.S.–China relations, though Trump noted this morning on truth social that China is supportive of the Strait being “permanently open.” Still no fresh U.S. ag purchases from China on the books.
- Southeast rail values firmed a couple cents yesterday, with Evansville now bid +20K for May. Ohio corn processor bids remain hot with Poet in Marion, OH posted +35K for May. UP rail corn markets were also slightly stronger, with Nebraska Group 3s bid -17K for May.
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