West Central Ag Grain Comments 10/12/2026 10:45:13 AM
MidCo comments: 10/12/26
- Good morning. Ag markets are mixed this morning to get the week started, as the dust continues to settle from Friday's USDA fireworks and as the Columbus Day Federal holiday looks to keep speculative interest somewhat subdued into the new week. Trading ranges so far in the row-crop markets are all within those seen on Friday for now, but the key for today and this week in general will be whether or not much follow-through is seen to the downside after close's to end the week last week could've been worse all things considered. The fundamental picture in the US undoubtedly became less bullish in the last two weeks, but the other risks that we've been discussing for what feels likes months now have not changed; there's still a pair of wars going on - with associated inflation risks - there's still weather risk via El Niño in South America, and there's still the risk that China shows up as a major buyer of US grains.
Corn futures to start Monday morning are trading either side of unchanged, soybean futures are trading 4-5 cents lower, and the Chicago wheat market is trading either side of unchanged as well |
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