West Central Ag Grain Comments 10/23/2026 10:13:58 AM
MidCo comments: 10/23/26
- Happy Friday!
- Ag markets are mixed to round out the week as soybeans try to hold onto gains made yesterday, closing higher Thursday for the first time since October 9th.
- CIF corn bids continue to ease nearby, with October down a nickel. Bean CIF continues to gain momentum, with October up 7c and November up 6c as Chinese demand continues to keep basis elevated.
- Barge shipments on the Mississippi River for the week ending October 17, according to the USDA, were up 31% from the previous week overall. Soybean shipments were up 84% and corn barge movement was down 26% compared to last week.
- The Buenos Aires Grain Exchange in Argentina showed corn planting progress at 40% complete, which remains ahead of last year's pace.
- ABIOVE reported Thursday that it sees Brazil's soybean crush for the 26/27 season reaching a record 66 MMT, which would increase oil and meal production by about 4%. It expects exports to be slightly lower on the year as more soybeans will be used domestically.
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