March 27, 2026

Mid-Co Morning Comments:

• Good morning—and how about those ILLINI?! Grain markets are modestly higher this morning. Corn spreads are slightly firmer, while soybean spreads are a bit wider. Crude oil futures are also higher and once again approaching the $100/barrel mark.
• Reports indicate that 10 oil tankers moved through the Strait of Hormuz as negotiations with Iran have been extended to April 7th. Meanwhile, attacks have continued, with drone and missile activity reported in the region.
• The White House “Celebration of Agriculture” takes place later today. It remains unclear whether there will be any announcements regarding RVOs or SREs, but the market will be watching closely for any headlines out of D.C. The EPA had been expected to make an announcement by the end of March.
• Severe storms moved through Illinois yesterday, dropping around an inch of rain in Bloomington. Thankfully, we did not get the baseball sized hail they projected yesterday. Temperatures have sharply declined, falling from 86 degrees yesterday to 32 degrees this morning.
• Have a great Friday. Reminder: Markets will be closed next Friday in observance of the Good Friday holiday.