January 23, 2026

Mid-Co Morning Comments:
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• Grain markets are mostly firmer this chilly Friday. Soybeans are holding onto recent gains, with SX26 hovering near $10.80. Nearby corn and soybean spreads are wider this morning.
• Corn basis continues to strengthen in the Eastern Corn Belt. POET Fostoria, OH is now posted at +30H for nearby corn, which should help keep CSX and NS rail values firm, particularly with an active Mid-Atlantic export program.
• Natural gas prices surged this week amid forecasts for winter storms. According to NBC News, consumers should expect higher energy bills in the upcoming billing cycle and potentially in the months ahead.
• Weekly export sales were strong for corn at 157.9 million bushels. Soybean sales were solid at 89.9 million bushels, alongside a 20-million-bushel sorghum sale announcement.
• Argentina weather forecasts have added some rain chances to the 10-day forecast to the Cordoba area. Southern Brazil is expected to remain dry, while northern areas continue to receive steady rainfall.