TFM Midday Update 10-20-2026

CORN

Corn prices are weaker at midday as harvest pressure weighs on the market. December corn is down 5-00 cents to $4.62-00, while March futures are 4-00 cents lower to $4.76-1/2.
Monday’s Crop Progress report showed corn ratings unchanged from last week at 56% good-to-excellent. Harvest jumped 11% to 44% complete but continues to be the slowest pace in the last seven years.
AgRural says that Brazil’s Center-South Region Summer corn planting has reached 48%, up 4% from a week earlier, but down from last year’s pace of 51% complete through the same week.

Soybeans are drifting lower at midday, pressured by drier forecast over the next two weeks which will help accelerate harvest. November soybeans are down 5-1/2 cents to $12.48-00, while January futures are 5-00 cents lower to $12.63-3/4.
US soybean harvest stands at 64% complete after advancing 18% from last week. Harvest pace is almost in line with the 5-year average which sits at 65% through this time.
According to AgRural, Brazil’s soybean planting advanced 11% from last week to 26% done. Planting pace is also ahead of last year by 2%.

Wheat prices are all lower at midday despite ongoing war tensions between Russia and Ukraine. December Chicago is down 7-1/2 cents to $6.47-3/4, December KC is 4-1/4 cents lower to $6.95-1/4, and December Minneapolis sits at $6.66-1/2, down 3-1/2 cents.
Winter wheat planting in the US is estimated at 63%, up 12% from last week, but below the 5-year average of 69% planted through the same week.
It was reported that Russia is trying to set up a summit meeting including the US and China to try and reach a peace deal. Also related to shipping issues, the EU is working with several countries, including Turkey and India to try and find a safe travel corridor for ships.

Tanner Wilson