3 Big Things Today, Jan. 27, 2026
- Media Logic Radio
- 4 days ago
- 3 min read
By Tony Dreibus | Updated on January 27, 2026
1. Grain, Soybean Futures Little Changed Overnight
Grain and soybean futures were little changed overnight as investors weigh strong demand against ample global supplies.
Exporters shipped 30.4 million metric tons of corn to overseas buyers from the start of the marketing year on Sept. 1 through Jan. 15, USDA data show. That's up 55% year over year.
Wheat exports since the beginning of the grain's marketing year on June 1 are now at 15.8 million metric tons, a 23% increase.
Soybean shipments since the start of September are now at 19.3 million metric tons, down 40% on an annual basis due to the tariff war between the U.S. and China that was resolved at the end of October.
Still, USDA has announced several purchases of U.S. agricultural products including soybeans in the past couple of weeks.
Weighing on prices, however, is ample global output.
Corn production globally is forecast at 1.296 billion metric tons, USDA said earlier this month. That's up from the previous outlook for 1.283 billion tons.
Ending stocks on Aug. 31 are now seen at 290.9 million metric tons, up from the December forecast for 279.2 million tons.
World soybean production is pegged at 425.7 million metric tons, up from the previous estimate for 422.5 million tons, and inventories at the end of the marketing year are now projected at 124.4 million metric tons, up from the prior outlook for 122.4 million tons.
Wheat supplies are also expected to top the month-earlier estimate, rising to 842.2 million metric tons from the previous projection for 837.8 million tons. Inventories at the end of the grain's marketing year on May 31 are now forecast at 278.3 million metric tons from the previous outlook for 274.8 million tons, USDA said.
Corn futures were up 1¢ to $4.29 1/4 a bushel overnight on the Chicago Board of Trade.
Wheat futures added 1/2¢ to $5.23 a bushel, while Kansas City futures fell 3/4¢ to $5.29 a bushel.
Soybean futures for March delivery rose 1 3/4¢ to $10.63 1/2 a bushel. Soy meal lost 20¢ to $294.10 a short ton and soy oil futures were up 0.24¢ to 54.13¢ a pound.
2. Export Inspections Mixed as Corn Assessments Rise, Beans Fall
Export inspections were mixed last week as corn assessments increased and examinations of wheat and soybean declined.
Corn inspections in the seven days through Jan. 22 rose to 1.51 million metric tons from 1.49 million tons a week earlier, USDA said. That's also higher than the 1.25 million tons assessed during the same week a year earlier.
Wheat assessments dropped to 351,001 metric tons from 397,774 tons the previous week and 484,544 tons at the same point last year, the agency said.
Soybean inspections fell to 1.32 million metric tons from 1.35 million tons the week prior. That was still well above the 738,028 tons examined in the same week in 2025.
Since the start of the marketing year on Sept.1, USDA has inspected 31.4 million metric tons of corn for offshore delivery, up from 20.5 million tons during the same timeframe last year.
Soybean assessments since the beginning of September now stand at 20.7 million metric tons, well below the 33.1 million tons assessed at this point a year ago, the agency said.
Wheat inspections since the start of the grain's marketing year on June 1 were reported at 16.3 million metric tons, up from the 13.8 million tons examined during the same period a year earlier, USDA said in its report.
3. Cold Weather Persists in Much of the U.S.
Extreme cold warnings and cold weather advisories remain in effect from eastern New Mexico to the East Coast, according to the National Weather Service.
Wind chills in central and southern Indiana and Ohio fell as low as 20 degrees below zero overnight, the agency said.
The cold warnings will remain in effect through mid-morning and cold weather advisories will take effect overnight into tomorrow, NWS said.
In eastern Oklahoma and northern Arkansas, meanwhile, wind chills overnight ranged from 5 to 10 degrees below zero.
"Frostbite and hypothermia will occur if unprotected skin is exposed to these temperatures," the agency said.
ARTICLE: SUCCESSFUL FARMING, JANUARY 27, 2026
