DTN Midday Grain Comments     11/13 10:49

   Corn, Soybeans, Wheat All Higher at Midday Friday

   Corn futures are 3 to 4 cents higher at midday Friday, soybeans futures are 
13 to 14 cents higher, and wheat futures are 8 to 12 cents higher.


David M. Fiala
DTN Contributing Analyst

MARKET SUMMARY:

   Corn futures are 3 to 4 cents higher at midday Friday, soybeans futures are 
13 to 14 cents higher, and wheat futures are 8 to 12 cents higher. The U.S. 
stock market is weaker at midday Friday, with the S&P off 60 points. The U.S. 
Dollar Index is 15 points higher. The interest rate products are weaker. Energy 
trade is mixed with crude up .25 and natural gas off .10. Livestock trade is 
firmer with feeder cattle leading. Precious metals are weaker with gold 3.00 
lower. 

CORN:

   Corn futures are 3 to 4 cents higher at midday Friday with firming spread 
action as trade works to close the week on an upnote as oversold conditions 
slowly ease and we see positive spillover from wheat and soybeans. Ethanol 
margins remain solid even with the weekly report showing production down by 
13,000 barrels per day, and stocks down by 100,000 barrels on the week. Basis 
should continue to firm seasonally as harvest winds down. The daily wire saw 
303,000 metric tons sold to Mexico with weekly sales strong at 2.881 million 
metric tons. Harvest should resume with more open short term weather as we wind 
down further. On the December chart the 20-day at $4.50 is nearby resistance 
which we tested this morning. Chart support is at the $4.34 lower Bollinger 
Band and $4.38 fresh low area.

SOYBEANS:

   Soybean futures are 13 to 14 cents higher at midday Friday, with action 
rebounding sharply from the washout yesterday working a bit short of the early 
highs with broad product strength. Meal is $2.50 to $3.50 higher and oil is 45 
to 55 points higher. The last stretch of harvest should mostly wrap up into the 
weekend. The daily export wire saw sales of 134,000 metric tons to China, 
120,000 metric tons to Vietnam and 100,000 to unknown with weekly sales solid 
at 1.155 million metric tons of beans, 360,900 of meal, and 1,700 of oil. Basis 
should start to firm as shipping and processors chew through the harvest 
bushels with supportive crush margins. On the January contract support is the 
fresh low at $11.84 with resistance the 20-day at $12.35, which we tested 
earlier in the session.

WHEAT:

   Wheat futures are 8 to 12 cents higher at midday Friday, with trade 
rebounding from the washout to fresh lows at the end of the day yesterday with 
spillover support from the row crops. Open weather should allow the remaining 
winter wheat to continue to establish better stands. Matif wheat and corn is 
mixed this morning with the weaker Euro holding. Weekly export sales were soft 
at 182,800 metric tons. On the KC December chart resistance is the 20-day at 
$6.48. Chart support is the fresh low at $6.18. 

   David Fiala can be reached at dfiala@futuresone.com

   Follow him on social platform X @davidfiala




(c) Copyright 2026 DTN, LLC. All rights reserved.