TFM Midday Update 07-22-2026

CORN

Corn is trading higher at midday, with weather forecasts providing support as concerns over growing conditions remain in focus. December corn is up 9-1/4 cents at 4.84-3/4.
The ongoing Iran conflict continues to support energy markets, with crude oil climbing to a five-week high this morning, adding strength to the corn market.
Both China’s JCI and Dr Cordonnier lowered their yield to 181 BPA, 2 BPA below USDA.
Ethanol production rebounded to 322 million gallons, up from 306 million the previous week while up 1.5% from the yearly average.

Soybeans are trading higher at midday as upcoming weather forecasts continue to provide support to the market. The entire soy complex is posting gains. September soybeans are up 11-3/4 cents at 12.22-3/4.
Hot temperatures are expected to return to the western Corn Belt, while precipitation across much of the Midwest is forecast to remain below normal. As a result, the market is beginning to price in the potential for declining crop conditions over the next two weeks.
Dr Cordonnier lowered his bean yield to 52 BPA compared to USDA at 53.

Wheat is sharply higher at midday, finding support from the surge in energy prices as crude oil climbed to a five-week high. December Chicago wheat is up 23-1/2 cents at 7.19-1/4 while December Kansas City wheat is up 27 cents at 7.76-3/4.
Results from the first day of the crop tour showed an average yield of 46 bpa across 86 fields in southern North Dakota, compared to 50 bpa during last year’s tour, providing additional support to wheat prices.
Recent heat and dry conditions across the northern Plains continue to stress the wheat crop, with concerns expected to persist as forecasts call for additional 100-degree temperatures next week.
Russia has signaled it may be willing to participate in another Black Sea grain export corridor as ongoing Ukrainian attacks continue to disrupt Russian grain shipments, a development the market will be watching closely.

Lauren VandenLangenberg