1. Soybean, Grain Futures Jump on Dollar Weakness

Soybean and grain futures experienced an uptick in overnight trading, buoyed by the U.S. dollar’s fall to a four-year low. The dollar has dropped 3.8% over the past six months, attributed to ongoing tariff disputes and geopolitical instability.

This decline has rendered U.S. agricultural products and dollar-denominated exports more affordable to international buyers. Recent reports indicate that unnamed countries have purchased significant quantities: 110,000 metric tons of corn and 306,000 metric tons of sorghum, slated for delivery in the 2025/2026 marketing year.

In a related development, corn futures gained momentum following statements from former President Donald Trump advocating for year-round E15 ethanol blends during a speech in Iowa. House Speaker Mike Johnson and Senate Majority Leader John Thune are reportedly finalizing a bill to approve year-round E15.

Current market figures show that soybean futures for March delivery rose by 10¢, reaching $10.77¼ per bushel. Soy meal increased by $2.80 to $296.80 per short ton, while soy oil futures edged up by 0.14¢ to 54.55¢ per pound.

Additionally, corn futures saw a rise of 3¼¢, landing at $4.29¾ per bushel on the Chicago Board of Trade. Wheat futures also marked gains, climbing 7¼¢ to $5.30½ per bushel, with Kansas City futures adding 5¼¢, reaching $5.38 per bushel.

2. Clarity on Biofuels Policies Could Help Soybean Industry, ASA Says

The American Soybean Association (ASA) has highlighted the need for transparency in biofuels policies, suggesting that it would significantly benefit the soybean sector. Despite a dip in the use of soybean oil for biofuels, the expanding biofuel market remains a key growth area for the industry.

Scott Gerit, ASA’s chief economist, noted that unclear guidance on the 45Z Clean Fuel Production Credit and low renewable volume obligations (RVOs) have forced many biodiesel facilities to suspend operations. While the Environmental Protection Agency (EPA) has proposed blending levels for 2026 and 2027, the final rule has yet to be established.

The EPA’s proposal aims to increase minimum blending levels by 67% compared to 2025. If adopted, this could energize biofuel markets and provide stability over the next two years, potentially leading to an extra 200 million bushels of soybeans crushed annually to meet RVOs.

3. Wind Chills to Hit Minus-20 in Indiana, Ohio

Weather alerts indicate that wind chills in central Indiana and Ohio could plunge as low as minus-20°F tonight into Thursday, according to the National Weather Service. In central Illinois, temperatures are expected to hover around 15–20°F below zero.

The dangerously low wind chills pose a risk of frostbite on exposed skin within just 30 minutes. Additionally, freezing fog advisories are in effect for parts of eastern Oklahoma and western Arkansas, creating hazardous driving conditions as visibility decreases to a quarter mile in certain areas.