Updated: 2/13/2026

Market Notes

USDA wire announces sale of 230K MT to unknown. USDA did increase demand in the WASDE. Weather in South America still being watched closely. No change technically as the market holds to a neutral leaning with the market range bound between $4.24 and $4.36.

Technical buying noted today as China in beans. South American weather remains favorable next two weeks.  The technicals remain strong with the trend flags still showing an uptrend as fund buying was noted again after a neutral WASDE report. The market has closed above $11.15 and is now taking aim at the resistance window which runs from $11.34 up to $11.50. Support is now from $11.15 down to $11.00.

The United States and China are preparing to extend their current trade truce by up to a year, and this extension may include rolling back certain tariffs for as long as twelve months. Negotiators are aiming to finalize the plan at an early‑April 2026 summit in Beijing, where Presidents Donald Trump and Xi Jinping are expected to meet. The has expectedly triggered a flurry of fund buying overnight.

John R. Anderson, Vice President of Grain