By Kirk Maltais


-- Soybeans for March delivery rose 0.5% to $10.67 1/2 a bushel on the Chicago Board of Trade Tuesday, with logistics to ship oilseeds out of the Corn Belt snarled in the aftermath of last weekend's winter storm.

-- Wheat for March delivery rose 0.2% to $5.23 1/4 a bushel.

-- Corn for March delivery fell 0.4% to $4.26 3/4 a bushel.


HIGHLIGHTS


Recovery Period: The middle of the country is shaking off the winter weather that struck much of the U.S., with vessels traveling on the Mississippi River having difficulty moving. The American Commercial Barge Line says that operations on the upper part of the river have resumed, but with "significant delays."

For soybeans, actions slowing the flow of exports out of the U.S. are creating a short-term strain on supply.

Managing Expectations: Corn was down throughout the day, with many looking toward President Trump's speech in Clive, Iowa, this afternoon. Expectations of what he might say on the podium, and how that may help the economics of U.S. farmers, are limited.

"I can only think the market is prepared for another disappointing speech in Iowa today," said Linda Meyer of Agrisource. "That has been the trend."

Trump is scheduled to speak in Iowa at 3 p.m. CST, and may comment on issues like year-round E15 motor vehicle fuel, which is important to corn growers.


INSIGHTS


Status Report: New Brazilian crop estimates are garnering attention from traders and analysts.

Michael Cordonnier of Soybean and Corn Advisors projects the Brazilian soybean crop at 179 million metric tons. That is up from his previous forecast of 178 million tons.

Earlier this week, AgRural forecast the Brazilian soybean crop at over 180 million tons.

Cordonnier left his outlook for Brazilian corn unchanged at 137 million tons, and stressed that Brazilian soybeans are not without risk going forward. "Even though I increased the soybean estimate, I am still concerned about the crop," he said, highlighting potential hot and dry weather disrupting crop yields.

Increasing Inventories: Stocks of ethanol in the U.S. are expected to be reported higher by the EIA on Wednesday, according to analysts surveyed by Dow Jones. Analysts are forecasting inventories to land anywhere from 25.8 million barrels to 26.7 million barrels, versus 25.74 million barrels reported last week. If they go that high, it will be the highest stocks have been since March.


AHEAD


-- The EIA is scheduled to release its weekly petroleum status update report at 10:30 a.m. EST Wednesday.

-- Valero Energy Corp. is due to release its fourth-quarter earnings report at 6:30 a.m. EST Thursday.

-- Tractor Supply Co. is scheduled to release its fourth-quarter earnings report at 6:55 a.m EST Thursday.

-- The USDA is due to release its weekly export sales report at 8:30 a.m. EST Thursday.


Write to Kirk Maltais at kirk.maltais@wsj.com


(END) Dow Jones Newswires

01-27-26 1529ET