TFM Midday Update 1-2-2026

CORN

Corn is trading lower at midday, as weakness from the soybean and wheat markets carries over, with limited fresh news to start the new year. March corn is lower at 4.37 ¼.
USDA confirms the sales of 132,000 tons of U.S. corn for delivery to South Korea in 2025/26.
The USDA announced its aid package, which will include payments of $44.36 per acre for corn.
Planting in Argentina has surpassed 84% completion this week, according to the Buenos Aires Grain Exchange, though conditions have turned drier across much of the Argentine grain belt.

Soybeans are trading lower at midday, unable to gain momentum heading into the new year, as favorable weather in Brazil remains a bearish factor. Soybean meal is also down, while soybean oil shows only minimal gains. January soybeans are pushing lower at 10.26.
South American weather remains largely unchanged, with favorable conditions in Brazil supporting the potential for a large crop, while central and southern Argentina remain in a dry spell and in need of additional rainfall.
China reportedly purchased five Brazilian cargoes of soybeans on Wednesday, with none sourced from the U.S.
USDA’s farmer aid package will include $30.88 per acre for soybeans.

Wheat continues to trade lower at midday as supply pressure weighs on the market. While there are no signs of a near-term change, much of the bearishness is believed to already be priced in. March Chicago wheat is trading lower at 5.04 ½ while Kansas City wheat is lower at 5.11.
There is little to no fresh news for the wheat market to start the new year, with no new developments in the Russia/Ukraine conflict as attacks continued over the New Year’s holiday.
USDA’s farmer aid package includes $39.35 payment per acre for wheat.
While U.S. wheat prices were down just under 8% in 2025, EU wheat prices declined by roughly 20%.

Lauren VandenLangenberg