TFM Midday Update 3-10-2026

CORN

Corn futures remain weaker at midday, pressured by the sharp drop in energies. May futures are down 5-3/4 cents to $4.48-00 while July futures are 5-1/2 cents lower to $4.60-00.
Today’s March WASDE is expected to show a slight increase from 2.127 to 2.136 billion bushels for US ending stocks. World ending stocks are seen left unchanged from February’s report.
AgRural estimates Brazil’s safrina corn planting at 82% complete, behind last year’s pace of 92% at this time. The group also pegs Brazil’s first corn crop at 42% harvested, lagging last year’s pace of 54% through the same period.

Soybeans are starting to lean higher after early pressure from the pull back in energies. May futures are up 2-1/4 cents to $11.98-1/2 while the July contract is 2-3/4 cents higher to $12.11-3/4.
Today’s WASDE report is expected to show a slight drop in US ending stocks from 350 mb to 344 mb. World stocks are also expected to drop slightly.
According to AgRural, Brazil’s soybean harvest is see at 51% complete, up from 36% last week but down from 61% through the same period last year.

All three wheat classes are trading lower at midday along with corn and soybeans. July Chicago futures are down 12-1/4 cents to $6.00-3/4, July KC is down 11-1/2 cents to $6.21-1/2, while July Minneapolis futures are 16-1/4 cents lower to $6.42-1/2.
US ending stocks are seen falling to 926 mb, down from February’s estimate of 931 mb. World ending stocks are expected to be left unchanged from February.
Rainfall is expected to move in next week across much of the SRW growing areas, while the Plains are expected to miss out. Upside potential may be capped as rains move through.

Tanner Wilson