Friday, February 13, 2026
Closing Markets: Corn: +0.50 old & new.
Beans: -4.25 old & -2.75 new. Wheat: -3.75.
All TFG locations will be closed Monday, February 16th for Presidents’ Day!!
Topflight Grain is offering Free PL on soybeans to all full-time locations except Maroa based on space availability good through August 31, 2026.

We are also offering Free PL on corn delivered to Pierson and Milmine based on space availability good thru August 31, 2026.


Good evening!

Market Recap-
Happy Friday the 13th. CBOT ag markets ended the week quietly mixed on Friday, with chart trading and position squaring ahead of the coming three-day weekend just about the only notable development seen or discussed throughout the day. Wheat futures, which had been the bullish stalwart for the week, seemed to finally run out of short covering steam and as that pin was pulled, it seemingly produced sympathy selling throughout the rest of the space.



Corn Summary-
Quiet end to the week for the corn market this week, as futures closed within spitting distance of unchanged on Friday after making new highs for the week earlier in the session. Aside from chart momentum and fund movement, there really wasn't a lot to talk about again today with the bigger picture scenario in the corn market still largely a product of crop sizes in South America and a demand picture that seems to be nearing a maxed out state. On one hand, the demand to this point in the year has been great and has kept a floor under prices for the most part, but at the same time, record production and the prospects of similarly big crops in Brazil and Argentina has kept a lid on the top side of the market, and this has produced the mostly sideways trade seen throughout much of the back half of 2025 and into the first part of 2026.

Soybean Summary-
Soybean futures saw lower closes to end the week this week, while the product markets were mixed in waning volume as the day went on. It will be interesting to see in this afternoon's CFTC commitment of traders update for last week how much fund buying occurred in the space, but otherwise, an almost complete lack of headlines to end the week on Friday produced choppy, directionless trade that did little to inspire either the bulls or the bears. For next week, we see China headlines as continuing to have the most impact on day-to-day prices moves, while the massive Brazilian crop remains the number one driver of fundamentals longer term.

Wheat Summary-
It was a spread day in the wheat markets on Friday, as ongoing fund short covering in the spot March contract drove the WH/WK to positive territory and also its highest level in more than a year. Interesting is that the US rally is more of a one-off in terms of global prices, with other exporter markets not following along. This, along with more significant short covering by European fund traders over the last 6 weeks that is now being caught up to, is a lot of the reason why we've pinned the recent rally as nothing more than a short covering event. The higher US wheat is priced means the less competitive it becomes on the export market, and this has been the crux of the market's inability to sustain a rally for well over a year now.

Outside News Headlines-
Crude oil futures down $0.05/bbl.

Weather Updates-
Weekend weather across the Midwest will be like recent days in the north, with not a lot in the way of any sort of notable weather expected. In the south though, the lower half of the region will see good rains of a half inch to an inch though, with some locally heavier amounts possible further to the southwest through parts of MO and AR. Temperatures the next few days into next week look to remain warmer than normal, with there being no sign of cooler air returning to the east at least through the end of next week.
Week two forecasts trended slightly drier this afternoon for the mid-section of the US, but are otherwise unchanged through the PNW and the West Coast and also across the eastern US. Rinse and repeat again today for temperatures also, as both the EU and the GFS continue to be in good agreement on cooler arctic air being unable to push back into the US at any point in the next two weeks.
Rainfall through Argentina the next few days looks to focus on areas to the north first, before this afternoon's GFS run sees precip then working back south into more the central part of the country by Sunday and then into the first part of next week. We've talked about it a lot the past few days, but next week's rains will go a long ways to stabilizing crops and determining what final yields might be. Heat remains a non-issue, with temperatures expected near average over the next 10 days.
Brazil should see some better harvest progress this weekend, with the models in decent agreement on a drier few days for the central part of the country while rains focus more on areas to the north and the south. Like Argentina, there is little to no heat concern here either, with temps also expected to be mostly average.


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Enjoy it!


Bailey Runyen
Grain Originator | Topflight Grain Coop.
101 N. Main St. | Cisco, IL 61830
Phone :: 217-669-2141
Email :: brunyen@tfgrain.com
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