Commodity Classic Kicks Off as Grain Markets See Mixed Trading

Corn and soybeans rise, wheat falls as traders eye China soybean demand and upcoming USDA reports

Published on Feb. 25, 2026

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The Commodity Classic agriculture trade show kicked off today in San Antonio, Texas, as grain markets saw mixed trading. Corn and soybeans are up 1-4 cents, while wheat is down 2-3 cents. Crude oil is up 28-30 cents and the U.S. dollar is up 8 points. Rumors of China looking to buy U.S. soybeans pushed soybean prices higher, though no deals have been confirmed yet. The RVO biofuel proposal is said to be with the Office of Management and Budget, the last step before an announcement. Soybean harvest in Brazil is on pace with last year but behind the 5-year average.

Why it matters

The Commodity Classic is a major annual agriculture trade show, so its kickoff signals the start of an important industry event. The mixed grain market movements reflect ongoing uncertainty and volatility, with soybean prices potentially impacted by potential Chinese buying. Regulatory changes to the RVO biofuel program could also significantly impact corn and soybean demand.

The details

Corn is up 1-2 cents, soybeans are up 3-4 cents, and wheat is down 2-3 cents. Crude oil is up 28-30 cents and the U.S. dollar is up 8 points. Rumors of China looking to buy U.S. soybeans pushed soybean prices higher, though no deals have been confirmed yet. The RVO biofuel proposal is said to be with the Office of Management and Budget, the last step before an announcement. Soybean harvest in Brazil is on pace with last year but behind the 5-year average.

  • The Commodity Classic kicked off today, February 25, 2026.
  • First Notice Day for March grain contracts is Friday, February 27, 2026.

The players

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What’s next

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The takeaway

The mixed grain market movements and ongoing uncertainty around factors like Chinese soybean demand and biofuel policy changes highlight the volatility and complexity facing the agriculture industry as the Commodity Classic kicks off.