West Central Ag Grain Comments 02/10/26 10:31:27 AM
2-10-26
- Grain markets are slightly higher this morning ahead of the report. Corn spreads are a touch firmer with light CH/CK volume trading around -7 ¾ overnight. Soybean spreads remain wider — watch to see if SH/SK can revisit the recent low of -14 ¾.
- The February WASDE will be released at 11am. Expectations are for minimal changes, but any revisions to South American production — particularly Brazilian soybeans — will draw the market’s attention.
- Yesterday’s 264k MT (9.7 mil bu) soybean flash sale to China is being debated as either part of the original 12 MMT commitment or incremental demand. Regardless, the trade viewed it as supportive for beans.
- Soybean oil pushed to 6-month highs after a trade deal with India reportedly included soybean oil. Meanwhile, crush margins have softened in recent weeks as soybean futures have rallied.
- Big rains are projected for the Southeast and the Delta over the next 7 days. South American weather forecasts show some dryness for Northern Brazil where harvest is beginning to ramp up.
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