Grain Market Commentary 3/26/26
CBOT:
Corn ended the day mixed with front months posting modest losses of 0-1 cents. The May26 contract closed 1.0 cent lower at $4.67. The Jul26 contract lost 3/4 of a cent to close at $4.78, while the Sep26 contract ended the day 1/4 of a cent lower at $4.805. Dec26 futures gained 1/2 of a cent to close at $4.945.
Soybeans also finished the day mixed, trading both sides throughout the session. The May26 contract dipped 3/4 of a cent lower at $11.7375, while the Jul26 contract lost 1.25 cents ending the day at $11.895. The Nov26 contract gained 1.25 cents to close at $11.5725.
Market Headlines:
President Trump is to announce actions to help US farmers on Friday:
Speaking to reporters at a cabinet meeting, Trump stated that the administration will announce actions to support US farmers on Friday. Also on Friday, The White House will host hundreds of farmers and ranchers at an event celebrating US agriculture. Additionally, the administration is expected to release biofuel blending quotas by the end of the month and it is highly speculated that the ruling will be released at the White House’s agriculture celebration event.
US senators urge the Commerce Department to begin a Section 232 probe into imports of farm and construction equipment made in Mexico:
Senators Tammy Baldwin (D-WI) and Bernie Moreno (R-OH) have urged Commerce Secretary Howard Lutnick to open a national security investigation into imports of heavy construction and farm equipment manufactured in Mexico. The senators argue that companies producing this equipment have shifted jobs away from American workers in favor of cheaper Mexican labor, while benefiting from duty-free treatment under the USMCA. The call for a probe comes as the Trump administration prepares for a scheduled review of the trade agreement.
Trump extends pause of Iran energy infrastructure spikes:
The pause is to be extended until April 6th. Trump said he is not bombing Iran’s energy infrastructure to give the Islamic Republic a chance to open the Strait of Hormuz.
Weekly Export Sales Data:
US corn export sales totaled 47.94 million bushels, landing within market expectations of 27.56-59.05 million bushels and edging up from the prior week’s 46.13 million bushels. Over the past four weeks, sales averaged 58.22 million bushels per week, bringing total commitments to 2.712 billion bushels. Reflecting a 29.82% increase from last year’s same-week total of 2.089 billion bushels. This tracks against the USDA’s export projection of 3.300 billion bushels. The primary destinations driving increases were Mexico, Japan, Colombia, and Spain.
US soybean export sales came in at 24.58 million bushels, well above market expectations of 7.35-18.37 million bushels and surging 124% from the prior week’s 10.96 million bushels. Over the same period, sales averaged 16.603 million bushels per week, bringing total commitments to 1.369 billion bushels. This sits 18.22% below last year’s same-week total of 1.674 billion bushels and compares to the USDA’s export projection of 1.575 billion bushels. China, Germany, Japan, and Taiwan were the primary destinations driving the increase.
Let’s Talk!
Yield365 – Grain Marketing Simplified
Call: 815.823.2522
Click HERE to learn more
Click HERE to view previous market commentary
Disclaimer: The risk of using futures and options can be substantial and individuals must consider whether they are suitable for their operation. Marketing advice is based on information obtained from third-party sources and is believed to be reliable but not guaranteed by Yield365. Past performance is not necessarily indicative of future results. Marketing advice reflects our good faith judgement at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades.