TFM Midday Update 2-27-2026

CORN

Corn futures are higher at midday as market participants assess weather risks to Brazil’s safrinha crop and evaluate moisture patterns in the U.S. Midwest. March corn is currently up 3.6 cents at 4.37.
USDA confirmed the sale of 257,000 tons of U.S. corn for delivery to unknown destinations in the 2025/26 marketing year.
The Buenos Aires Grain Exchange reported that recent rains have benefited the crop, with harvest now just beginning at 3.6% complete.
Updated drought conditions reflect ongoing dryness in Illinois and parts of Indiana, as well as Arkansas and Missouri, with forecasted rainfall next week offering potential relief.

Soybeans are trading lower at midday amid limited news flow in Friday’s session. Soybeans and soybean oil are moving lower, while soymeal is posting slight gains. March soybeans is 1.6 cents lower at 11.46.
Traders are watching for potential Chinese purchases of U.S. soybeans ahead of the April 1 meeting, as shipments so far are the second slowest in 25 years. Ongoing price advantages for Brazil and Argentina continue to threaten U.S. export demand.
Argentina’s oilseed sector has announced another 24-hour strike beginning at midnight tonight, which is expected to cause further export disruptions.

Wheat holds midday gains across all classes amid rumors of Chinese interest in U.S. supplies and persistent global delays. Chicago March wheat is 13.6 cents higher at 5.85 ½ while Kansas City March wheat is 12.2 cents higher at 5.63 ¾.
French wheat conditions declined by 4% this week due to recent flooding, which has caused damage and stress to portions of the crop.
Overnight Russian strikes targeted port infrastructure in Odesa, Ukraine, resulting in logistical disruptions and shipment delays in the region.
Recent drought data highlights persistent dryness in Oklahoma and Texas, though forecasted rains are expected to bring relief to central and eastern Oklahoma, eastern Kansas, and far northern Texas.

Lauren VandenLangenberg