The Iran situation is about the biggest factor in all markets this week as sellers and buyers try to understand what the actual effect will be and where prices are heading over the next few weeks...........please click PDF to see more details

US corn prices finished the week almost USD 4 m/t higher with US soybeans up by USD 6 m/t and US soymeal up by USD 5 m/t. US winter wheat was up by as much as USD 6 m/t with spring wheat moving up by USD 5 m/t........please click PDF to see more details

The big news at the end of the week was the US Supreme Court ruling against all the import tariffs put in place by the Trump government. One has to wonder if the US will actually have to refund all the “illegal” tariffs that have been paid. It is expected that by early next week there will be some action to replace these tariffs with something just as onerous. .....please click PDF to see more details

Monday is a holiday in the USA for Presidents’ Day and China starts New Year on February 17 for about 2 weeks.This week was another USDA WASDE week --- they sure seem to come up quickly anymore. USA corn exports increased due to strong export demand which caused a drop in ending stocks. .........please click PDF to see more details

Once again this week there was very little change in USA corn prices – up or down about on dollar. US soybeans were up very strongly this week gaining about USD 19 m/t with soymeal moving USD 10 m/t higher. USA winter wheat slipped lower by about USD 4 m/t with US spring wheat also down by about USD 4 m/t........please click PDF to see more details

Not much change in US corn prices as the week ended  --- no more than USD 1 down. US soybeans also were almost unchanged at the end of the week while US soymeal was up by USD 5 m/t. US winter wheat was up by about USD 3 m/t with US spring wheat up by just USD 2 m/t.......please click PDF to see more details

It was a short work week in the US this week due to the Monday holiday.  US corn prices finished the week up by about USD 2 m/t with soybeans up by about USD 4 m/t and soymeal up by USD 7 m/t.  All US wheat was up by USD 4 to 5 m/t at the end of the week.......please click PDF to see more details

Next Monday is a holiday in the US --- markets will be quiet.
This week was WASDE week or perhaps it was surprise week as some USDA WASDE numbers caught the market by surprise. US corn and soybean yields were increased by the USDA with corn having the biggest increase.........please click PDF to see more details

USA corn prices were up by about USD 3 m/t with soybeans up by USD 6 m/t and soymeal at USD 8 m/t higher. USA winter wheat prices moved up by USD 4 m/t while spring wheat prices were unchanged......please click PDF to see more details

This week’s report is not as comprehensive or accurate as usual since many of the sources of information are not back up to speed after the holidays.
Looking at prices for this week compared to our last report on December 20, 2025, corn prices have dropped by just over USD 2 MT while soybeans have dropped by USD 5 MT and soymeal is also lower by USD 5 MT. US winter wheat is unchanged for the period while US spring wheat has moved lower by USD 3 MT.......please click PDF to see more details