February 27, 2026

Mid-Co Morning Comments:
 

• Grain markets are firmer this morning, with wheat leading the charge and posting double-digit gains. May ’26 corn futures are trading between the 100- and 200-day moving averages. Fund buying and continued dryness concerns across the western Plains are being cited as key drivers behind the wheat bounce.
• Some terminals and processors have rolled nearby bids to May. Most corn bids rolled at even money, while soybean bids have been more mixed. CIF remains bid versus March, and a large volume of deliveries is not expected.
• Forecast models call for significant rainfall over the next 10 days across Missouri and Illinois, which would be a welcome development for drought-affected areas. Spring fieldwork has already started in pockets of these regions — we even had NH3 application underway on a couple of our farms yesterday.
• Final spring crop insurance prices will be set after today’s session. Corn is hovering near $4.61 and soybeans around $11.08, compared with $4.70 and $10.54 last year. From an insurance standpoint, this setup could provide additional support for soybean acreage.
• Today is first notice day for March ’26 futures. Have a great weekend -- GO ILLINI!