Good morning.
Ag prices are slightly positive this morning. Corn trade is 2 cents better with beans and wheat trading 4 cents higher. Crude is lower by nearly $2.00 and equity futures are steady. Producer selling has slowed for grains, which is offering some limited support. Headline risk is still present for grains, but the impact has subsided in recent sessions. Weather outlooks for the corn belt will take more of a center change with the forecast still on the wet and warm side. Concerns remain about the dry conditions in the southern plains.
Crude oil futures are lower this morning after the May contract closed some $6.00 off its highs yesterday. The pullback in prices is due to thoughts that a 2nd round of negotiations could occur later this week. The U.S. has moved to block access to Iranian ports this week, but some tanker traffic that was not headed to those ports was still being allowed through the Strait.
May corn has found support this week at the $4.40 level. Resistance this week remains near the $4.46 to $4.48 zone, which is where both the 100 and 200-day moving averages cross. May soybeans touched the 50-day moving average ($11.60 1/4) on the downside overnight but has bounced off of it this morning. For the most part, May soybeans continue to trade in a broad range, from $11.55 to $11.80.
The weekly crop progress report showed corn planted at 5% through Sunday, April 12th. That is up 2% from the previous year and compared to 4% a year ago. Tennessee is at 42% planted (+24% for the week), Kentucky at 24% (+18%), and Missouri at 15% (+7%). Illinois is 4% done, with Indiana at 3% complete.
Soybean planting progress was 6% done, up from 0% last year and 2% last year. Illinois is 7% done, with Indiana at 4% complete. Missouri is 8% planted. In the south, Arkansas is 32% done (+17% from last week), Mississippi at 39% (+22%), and Louisiana at 30% (+12%).
Winter wheat was rated 34% good to excellent, down 1% from last week and compared to 47% a year ago. Kansas was rated 32% good to excellent, down 6% from last week. Oklahoma rated 10%, down 2% from last week. Spring wheat is 6% planted versus 6% last year.
AgRural estimated that Brazil is 87% complete on bean harvest as of late last week. That pace compares to 91% a year ago. Recent showers in Parana and south Mato Grosso do Sul have helped the 2nd corn crop.
The NOPA crush report for March will be released tomorrow, April 15th. The bean crush in March is estimated at 229.98 mbu., which would be the highest monthly total ever if achieved. This expected monthly total would compare to 208.79 mbu. in February and 194.5 mbu. last March. NOPA represents more than 99% of all U.S. soybean processing capacity and this month’s data will include the Gibson City, IL plant for the first time. Soyoil stocks for March are estimated at 2.173 bln. pounds, which would be up 4.5% from February and the largest monthly figure since June of 2013.
China soybean imports in March totaled 4.019 MMT, which was up from 3.5 MMT a year ago. While the total was up from a year ago, March bean imports were less than expected as shipments were delayed due to stricter phytosanitary checks. For the first 3 months of the calendar year, China bean imports totaled 16.584 MMT, down 3.1% compared to a year ago. Including all of China’s March trade data, exports rose just 2.5% over a year ago, which was well below the estimate of 8.6%.
The Midwest forecast calls for continued rain chances this week across the central Midwest. The eastern plains will continue to miss out through this rain system. Temps will be above average again today, before cooling off slightly starting tomorrow. A sharper cool off is expected late this weekend and into early next week. Lows will slip down into the 30s again during this timeframe. However, the extended forecast continues to call for above normal temps and above normal precipitation.
Have a great day!
Grain Comments: 04-14-2026
Good morning.
Ag prices are slightly positive this morning. Corn trade is 2 cents better with beans and wheat trading 4 cents higher. Crude is lower by nearly $2.00 and equity futures are steady. Producer selling has slowed for grains, which is offering some limited support. Headline risk is still present for grains, but the impact has subsided in recent sessions. Weather outlooks for the corn belt will take more of a center change with the forecast still on the wet and warm side. Concerns remain about the dry conditions in the southern plains.
Crude oil futures are lower this morning after the May contract closed some $6.00 off its highs yesterday. The pullback in prices is due to thoughts that a 2nd round of negotiations could occur later this week. The U.S. has moved to block access to Iranian ports this week, but some tanker traffic that was not headed to those ports was still being allowed through the Strait.
May corn has found support this week at the $4.40 level. Resistance this week remains near the $4.46 to $4.48 zone, which is where both the 100 and 200-day moving averages cross. May soybeans touched the 50-day moving average ($11.60 1/4) on the downside overnight but has bounced off of it this morning. For the most part, May soybeans continue to trade in a broad range, from $11.55 to $11.80.
The weekly crop progress report showed corn planted at 5% through Sunday, April 12th. That is up 2% from the previous year and compared to 4% a year ago. Tennessee is at 42% planted (+24% for the week), Kentucky at 24% (+18%), and Missouri at 15% (+7%). Illinois is 4% done, with Indiana at 3% complete.
Soybean planting progress was 6% done, up from 0% last year and 2% last year. Illinois is 7% done, with Indiana at 4% complete. Missouri is 8% planted. In the south, Arkansas is 32% done (+17% from last week), Mississippi at 39% (+22%), and Louisiana at 30% (+12%).
Winter wheat was rated 34% good to excellent, down 1% from last week and compared to 47% a year ago. Kansas was rated 32% good to excellent, down 6% from last week. Oklahoma rated 10%, down 2% from last week. Spring wheat is 6% planted versus 6% last year.
AgRural estimated that Brazil is 87% complete on bean harvest as of late last week. That pace compares to 91% a year ago. Recent showers in Parana and south Mato Grosso do Sul have helped the 2nd corn crop.
The NOPA crush report for March will be released tomorrow, April 15th. The bean crush in March is estimated at 229.98 mbu., which would be the highest monthly total ever if achieved. This expected monthly total would compare to 208.79 mbu. in February and 194.5 mbu. last March. NOPA represents more than 99% of all U.S. soybean processing capacity and this month’s data will include the Gibson City, IL plant for the first time. Soyoil stocks for March are estimated at 2.173 bln. pounds, which would be up 4.5% from February and the largest monthly figure since June of 2013.
China soybean imports in March totaled 4.019 MMT, which was up from 3.5 MMT a year ago. While the total was up from a year ago, March bean imports were less than expected as shipments were delayed due to stricter phytosanitary checks. For the first 3 months of the calendar year, China bean imports totaled 16.584 MMT, down 3.1% compared to a year ago. Including all of China’s March trade data, exports rose just 2.5% over a year ago, which was well below the estimate of 8.6%.
The Midwest forecast calls for continued rain chances this week across the central Midwest. The eastern plains will continue to miss out through this rain system. Temps will be above average again today, before cooling off slightly starting tomorrow. A sharper cool off is expected late this weekend and into early next week. Lows will slip down into the 30s again during this timeframe. However, the extended forecast continues to call for above normal temps and above normal precipitation.
Have a great day!
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