10/16/26 Afternoon CommStock Report – Harvest Low Comes When Storage is Full

The Commstock Report is a twice daily market report. 10/16/2026 Harvest Low Comes When Storage is Full PLEASE REFER TO THE BROKER COMMENTARY PAGE FOR UPDATES!! Click Above to Watch Brian’s Afternoon Market Update A study from the University of Illinois found that this season’s crop production will combine with grain stocks leftover from last year to equal 99 percent of nationwide storage capacity. While that actually sounds like a relief given the bearish outlook associated with expecting the second largest ever corn crop and a new record soybean crop, the devil is in the details about how most Corn Belt states individually exceed their available storage space. Missouri was projected with the leading deficit, as total supply will represent 119 percent of storage capacity; South Dakota was estimated at 111 percent, Indiana 109, Iowa 109, Nebraska 108, and Illinois at 105. The research shows storage pressure quickly finding relief by the time winter rolls around, with the Corn Belt states historically averaging 70 percent for capacity utilization upon the Dec. 1 stocks count. From now until then, basis and spreads will guide grain futures as they reflect the strength of demand and how efficiently grain is being shifted into position for…