November 9, 2026

Mid-Co Morning Comments:
 

• Ag commodities are mixed to start the week, with traders focusing on tomorrow’s WASDE update. Analysts expect corn yield to decrease slightly to 180.6 bpa, while soybean yield is expected to increase to 53.5 bpa.
• The USDA plans to use an AI tool to check the data being released tomorrow in the November WASDE, after having to correct data from the September report. The agency is hopeful the tool will catch any anomalies and serve as an additional check, giving farmers more confidence in the data. 
• The CFTC Commitment of Traders report for the week ending November 3 showed managed money traders were sellers of 78,843 contracts of corn (-22,900), sellers of 52,602 contracts of soybeans (+132,799), and sellers of 13,866 contracts of Chicago wheat (-88,726).
• Over the weekend, China said that it will extend its suspension of an additional 24% tariff on U.S. imports for two months, while keeping a 10% tariff in place. The country also extended the suspension of special port fees on U.S. vessels, which signals that China is still willing to work with the U.S. on trade relations.
• Outside markets are trading mixed: nearby crude oil futures are down $4.00/bbl, the Dow Jones index is up 630-640 points, and the U.S. dollar index is down 40-50 points. 
• Today's reports include Weekly Export Inspections and Weekly Crop Progress.