Weekly Crop Commentary 11/6/2026
Nov 06, 2026
Briana Holtzman
Grain Merchandiser, Kenton (Region 1)
Grain markets faced some pressure this week, with soybeans leading the declines, and corn struggling to find support. Harvest pressure and concerns about the large U.S. supplies continue to weigh on corn and soybean futures. Fund selling and uncertainty surrounding global demand is also contributing to the weaker tone.
We saw some rain on Wednesday this week that resulted in 8/10 of an inch here in Kenton and what sounded like a needed break. Seeing some light rain/sprinkling this morning but it doesn’t seem like enough to keep guys out of the field for too long. Its looking to be dry for the next 10 days, with another wetter system expected to move through the US in the 11-14 day time frame.
Next week on Tuesday we will see the November WASDE report released. We will be looking for updated corn and bean yields, ending stock numbers, and export projections. If you have corn or beans on DP, it could be a good idea to get some pricing targets in before this report.
Zane Robison
Grain Merchandiser, Urbana (Region 3)
Grain markets continue to get rattled as commodities remain mostly out of favor with the equities markets, dominating headlines around the elections. Speculative funds have been heavy sellers in recent weeks, particularly in corn, where funds have liquidated well over 300k net contracts over a two-month window. The December corn chart is nothing but ugly. We’ve pretty much been in freefall since 10/14, and the market just feels heavy, like we’re trading a yield number even higher than USDA. In positive news basis locally has started to heat up as we all know that futures aren’t doing anything. Some trendline support around 4.40 CZ should help us to keep from slipping way lower and the path should get a little smoother as harvest starts to wrap up around the nation.
Soybeans have arguably taken a worse beating (though both aren’t pretty) as the Jan futures contract has now slipped firmly below the 200-day moving average, leaving us with little support. Industry expectations have the bean crop yield being raised by 0.4 bu/ac in the upcoming November WASDE report, which I’m sure has contributed to the decline. Concerns about China remaining committed to its supposed purchase swirled after the disaster midterms for President Trump’s agenda, but most of those were just rumors, and a large portion of the deal hinges on the agreed-upon tariff cuts.
Lisa Warne
Grain Merchandiser, Marysville (Region 4)
What a harvest! We’re on the tail end here in the Marysville area. There are still soybeans out there, but not many. As you are aware, soybean yields were some of the best we’ve seen. Our facilities in this area received higher than our estimates, as most of you experienced the same on your farm. We appreciate your patience as all our western locations were full at some point for a short time. Corn yields are also higher than average for many, though not as impressive compared to soybeans. The last 20% of the corn harvest has been delayed with over an inch of rain this week, but next week’s forecast looks promising.
This week I’ve been asked many times where the market goes from here. While I’m not terribly bullish on corn, I am more hopeful for corn than I am for soybeans. First bearish factor for soybeans is the large production we’re seeing here and all throughout the Midwest. Secondly, the results of the Brazilian election runoff a couple of weeks ago weakened the Brazilian Real, making their beans more competitive in the export markets. Those reasons combined, I don’t see a motive for beans to turn around the decline we’ve seen over the last several weeks. Corn production is not quite as obvious in its outcome yet, so it’s harder to come up with an outlook. Looking ahead for bin bushels, though, at Marysville we’re $4.50+ for early 2027 deliveries. If you don’t have any sold for what’s on the farm, it’s probably a good idea to protect some from the downside. Have a great weekend and give us a call next week to discuss those on-farm bushels.
Morgan Hefner
Grain Merchandiser, Nashport (Region 5)
Harvest continues to move right along here in Ohio, with some growers already wrapping things up. Monday’s crop progress report showed U.S. corn harvest at 74% complete and soybeans at 88%. Here in Ohio, corn was reported at 53% harvested and beans at 83%. I would expect those numbers to be a bit higher now that we have another week of harvest behind us, despite rain in some areas this week. The markets have certainly felt the pressure of harvest getting closer to the finish line. Since October 1st, December corn has lost around 80 cents, while January soybeans have dropped close to $1. January beans have also broken through the $12 support level and traded below $11.90, leaving the market searching for its next level of support.
Next Tuesday, the USDA’s November crop production report is released. Current trade estimates show an average U.S. corn yield of 180.3 BPA and a soybean yield of 53.5 BPA. There is a strong possibility of seeing an increase in bean yields and also a chance of corn yields increasing from last month as well.
Looking forward, it’s a great time to think about your plan for bushels going into the bin. Please reach out if you are interested in looking into different contracting options. Wishing you all the best of luck as harvest progresses and finishes up in some areas!
Grain Merchandiser, Kenton (Region 1)
Grain markets faced some pressure this week, with soybeans leading the declines, and corn struggling to find support. Harvest pressure and concerns about the large U.S. supplies continue to weigh on corn and soybean futures. Fund selling and uncertainty surrounding global demand is also contributing to the weaker tone.
We saw some rain on Wednesday this week that resulted in 8/10 of an inch here in Kenton and what sounded like a needed break. Seeing some light rain/sprinkling this morning but it doesn’t seem like enough to keep guys out of the field for too long. Its looking to be dry for the next 10 days, with another wetter system expected to move through the US in the 11-14 day time frame.
Next week on Tuesday we will see the November WASDE report released. We will be looking for updated corn and bean yields, ending stock numbers, and export projections. If you have corn or beans on DP, it could be a good idea to get some pricing targets in before this report.
Zane Robison
Grain Merchandiser, Urbana (Region 3)
Grain markets continue to get rattled as commodities remain mostly out of favor with the equities markets, dominating headlines around the elections. Speculative funds have been heavy sellers in recent weeks, particularly in corn, where funds have liquidated well over 300k net contracts over a two-month window. The December corn chart is nothing but ugly. We’ve pretty much been in freefall since 10/14, and the market just feels heavy, like we’re trading a yield number even higher than USDA. In positive news basis locally has started to heat up as we all know that futures aren’t doing anything. Some trendline support around 4.40 CZ should help us to keep from slipping way lower and the path should get a little smoother as harvest starts to wrap up around the nation.
Soybeans have arguably taken a worse beating (though both aren’t pretty) as the Jan futures contract has now slipped firmly below the 200-day moving average, leaving us with little support. Industry expectations have the bean crop yield being raised by 0.4 bu/ac in the upcoming November WASDE report, which I’m sure has contributed to the decline. Concerns about China remaining committed to its supposed purchase swirled after the disaster midterms for President Trump’s agenda, but most of those were just rumors, and a large portion of the deal hinges on the agreed-upon tariff cuts.
Lisa Warne
Grain Merchandiser, Marysville (Region 4)
What a harvest! We’re on the tail end here in the Marysville area. There are still soybeans out there, but not many. As you are aware, soybean yields were some of the best we’ve seen. Our facilities in this area received higher than our estimates, as most of you experienced the same on your farm. We appreciate your patience as all our western locations were full at some point for a short time. Corn yields are also higher than average for many, though not as impressive compared to soybeans. The last 20% of the corn harvest has been delayed with over an inch of rain this week, but next week’s forecast looks promising.
This week I’ve been asked many times where the market goes from here. While I’m not terribly bullish on corn, I am more hopeful for corn than I am for soybeans. First bearish factor for soybeans is the large production we’re seeing here and all throughout the Midwest. Secondly, the results of the Brazilian election runoff a couple of weeks ago weakened the Brazilian Real, making their beans more competitive in the export markets. Those reasons combined, I don’t see a motive for beans to turn around the decline we’ve seen over the last several weeks. Corn production is not quite as obvious in its outcome yet, so it’s harder to come up with an outlook. Looking ahead for bin bushels, though, at Marysville we’re $4.50+ for early 2027 deliveries. If you don’t have any sold for what’s on the farm, it’s probably a good idea to protect some from the downside. Have a great weekend and give us a call next week to discuss those on-farm bushels.
Morgan Hefner
Grain Merchandiser, Nashport (Region 5)
Harvest continues to move right along here in Ohio, with some growers already wrapping things up. Monday’s crop progress report showed U.S. corn harvest at 74% complete and soybeans at 88%. Here in Ohio, corn was reported at 53% harvested and beans at 83%. I would expect those numbers to be a bit higher now that we have another week of harvest behind us, despite rain in some areas this week. The markets have certainly felt the pressure of harvest getting closer to the finish line. Since October 1st, December corn has lost around 80 cents, while January soybeans have dropped close to $1. January beans have also broken through the $12 support level and traded below $11.90, leaving the market searching for its next level of support.
Next Tuesday, the USDA’s November crop production report is released. Current trade estimates show an average U.S. corn yield of 180.3 BPA and a soybean yield of 53.5 BPA. There is a strong possibility of seeing an increase in bean yields and also a chance of corn yields increasing from last month as well.
Looking forward, it’s a great time to think about your plan for bushels going into the bin. Please reach out if you are interested in looking into different contracting options. Wishing you all the best of luck as harvest progresses and finishes up in some areas!