February 13, 2026
At this hour:
🌽Corn market is down 0-1c,
🌱soybeans are down 3-4c,
🍞wheat is down 2-3c,
🛢️crude oil is up $0.10-$0.12,
💲US Dollar is up 12 points
-Reminder, there will be no grain markets Sunday night or Monday February 16th. Trade will resume Monday night at 7 pm CST.
-Weekly export sales were very strong for corn, coming in at 2.070 mmt which was better than expected. Corn sales are running 31% ahead of last year.
-Soybean export sales were at 281,800 metric tons, a marketing year low, and are running 20% behind last year’s pace.
-CONAB increased their estimate on the Brazilian soybean crop by 1.9 mmt and is now at 177.9 mmt crop vs USDA coming in at 180 mmt.
-Weahter looks a little better for Argentina, bringing some rains while Brazil is pretty average.
-Goldman Roll wrapped up yesterday.
🐂🐻 Look for a lower trade to wrap up this week of trading.
Support/Resistance:
March corn – Support on March corn is at $4.17 3/4 which is the January 13th low. Resistance is at $4.36 1/4 which is the low from January 5th.
July corn – Support comes in at $4.33 1/2 which is the January 16th low. Resistance comes in at $4.50 3/4 which is the low from January 5th.
March soybeans – Support comes in at $11.07 1/4 which is the 10-day moving average. Resistance is at $11.41 1/2 which is the high from February 12th.
July soybeans – Support is at $11.33 1/4 which is the 10-day moving average. Resistance is at $11.68 1/4 which is the high from February 12th.
March Kansas City wheat – Support is at $5.37 which is the 10-day moving average. Resistance comes in at $5.55 1/4 which is the high from February 12th.
Where do we go from Here:
Corn prices showed a little strength on Thursday. This week we saw March corn pressured by the Goldman roll and commercials rolling their March contracts out to May and beyond. Weekly exports had a nice recovery, posting a weekly sales report of 2.070 mmt, which was well ahead of trade expectations. Export sales continue to run very strong and if the pace continues, we might need to see the USDA increase exports even more. For the week, March corn is pretty much unchanged.
Egypt stepped in and bought 108,000 metric tons of soybeans from the U.S. yesterday, but the weekly export sales report showed a marketing year low. However, soybean prices rallied as U.S. & China talks about rolling back the tariffs for a year adding to the idea that China could purchase up to 8 mmt more soybeans from the U.S. this marketing year yet. Soybean trade this morning is relatively quiet and going into a Friday it would not surprise me to see prices pull back a little as traders take some profits heading into a 3-day weekend.
The Funds seem to be covering some of their short positions in the wheat complex finally. Yesterday we saw March Kansas City futures trade and close above the 200-day moving average for the first time since June 18th. Concerns over winterkill in Russia has the Funds a little nervous heading into the spring. Prices are pulling back a couple cents here this morning, but we seem to still be holding support at the 200-day moving average.
