July soybeans challenged $12.00 overnight.

April 22, 2026

Grain markets leaned higher overnight, helped along by another strong move in energy. Soybeans made a push toward $12, with processors still enjoying exceptionally rich returns; crush margins are hovering near record territory at roughly $3.45. Corn continues to draw support from a firm interior cash market, while ethanol economics remain favorable at about $0.35 per gallon. Attention today will turn to the weekly ethanol report, particularly production levels and any fresh signal on demand.