West Central Ag Grain Comments 03/04/26 8:29:48 AM
3/4/26
- Grain markets are mostly lower this morning, with both grains and energy markets taking a breather to begin the session. Spreads are slightly wider, with CK/CN trading at -9 ¾ and SK/SN also pushing slightly wider overnight.
- Iran is expected to select a new leader within the next day or two, with reports indicating that Khamenei’s son, Mojtaba, remains alive and is favored to succeed him, according to Iranian sources. Meanwhile, launch activity from Iran has reportedly dropped roughly 70%, suggesting the intensity of missile and drone attacks has slowed significantly following the initial wave of retaliation.
- CIF bids have rolled to the May contract for both corn and soybeans. March FH CIF corn is currently bid +96K, while CIF soybeans are bid +89K.
- Widespread rains moved through central Illinois yesterday, with scattered totals reported across the region. Higher amounts were noted near Springfield, while Bloomington received just over an inch, providing some welcome moisture. Forecasts are calling for additional rainfall over the next seven days.
- President Trump reiterated plans to visit China soon in an effort to advance U.S.–China relations. However, he also noted that a 15% tariff on all countries remains an option if he deems it necessary.
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