Eddyville

Market Commentary 4/10/2026

Commodities were mixed with corn losing ground and closing down 3. Beans were 10c high and wheat was 3c down. Cattle are higher and hogs are lower. Crude oil spent most of the day higher, but is currently down $1. The inverse between May and June Crude oil futures went from trading around $15 earlier in the week, but is going to go home around $7 after Tuesday night’s cease fire. For the week, May corn is 11.25c lower and May soybeans are 12.25 cents higher. Financial markets are lower. The last 7-10 days we have seen corn futures have a weaker correlation with crude futures movement, as attention seems to be turning back corn stocks and ample rains. Eyes will be keen on planting progress going forward with the US slightly ahead of the 5 year average last week. In yesterday’s WASDE report, the USDA did not change South American production, but their own local ag agencies have increased production in both Argentina and Brazil. Have a great weekend!