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Grain Market Commentary 2/13/26

Morgan Knilans
Daily Grain Commentary
Feb 13, 2026

Corn closed 0-1 cent higher on the session. The Mar26 contract gained 0.5 cents to settle at $4.3125, 1.5 cents higher on the week. May26 and Jul26 futures both added 0.25 cents, ending at $4.42 and $4.50, respectively.

Soybeans ended the day lower after posting gains in the previous three sessions. The Mar26 contract fell 4.25 cents to close at $11.3725, but up 17.75 cents on the week. May26 futures declined 3.75 cents to $11.5225; the contract gained 19.75 cents on the week. Nov26 futures dropped 2.75 cents, settling at $11.135.

Market Headlines:

US Senate Finance Committee reviews the USMCA on Thursday:

The US Senate Finance Committee met Thursday to review the United States-Mexico-Canada Agreement (USMCA) ahead of the scheduled joint review set for this summer. Lawmakers and trade officials examined the agreement’s economic benefits and discussed potential areas for modification.

Committee Chairman Mike Crapo stated that the USMCA has supported increased farm profitability but emphasized that the upcoming summer review will be critical for American agriculture.

The President plans to scale back steel and aluminum tariffs:

The Trump administration is evaluating plans to scale back certain steel and aluminum tariffs. The move comes as voters express ongoing concerns about cost-of-living pressures. Commerce Department officials have indicated that the tariffs may be contributing to higher prices for goods such as food and beverage cans and other consumer packaging materials.

The administration is reviewing the list of affected products and plans to exempt select goods. Officials also intend to halt further expansion of the tariff list and instead pursue more targeted national security investigations on specific products.

USDA Drought Monitor:

There was a clear east-to-west temperature gradient this week; below normal temperatures found in the east, while the west faces above normal temperature. Again, localized precipitation that missed large segments of the country caused continued precipitation deficits.

The Midwest received little to no precipitation with below normal temperatures. The northern portion of the Midwest and parts of the Great Lakes have continued snow cover, keep soils frozen. Parts of Illinois and Missouri saw worsened drought conditions as the 3–6-month precipitation deficits grew.

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