Grain Markets Rebound Midweek as Soybeans Edge Higher and Corn Rallies

Overview

• Soybean futures rose 4.75–10.25 cents on Wednesday, with new-crop contracts leading after Monday’s limit-down slide.
• Corn closed 7–9 cents higher, and the national average cash price gained about 9.25 cents to $4.20.
• USDA reported exports for the week ending Mar. 12 at 1.658 MMT of corn and 966,082 MT of soybeans, with soybean marketing-year totals still below last year.
• NOPA recorded a February soybean crush of 208.785 million bushels, a monthly record, and USDA confirmed a 120,000 MT soybean-meal sale for 2026/27 to unknown buyers.
• EIA said ethanol output eased to 1.093 million barrels per day as stocks rose to 26.407 million barrels, while traders weighed swings in crude oil and the dollar and Allendale’s survey pointing to fewer corn acres and more soybean acres.