We are offering Free DP for Soybeans.  Off farm bushels only at this time

Feb 21, 2025

Corn and soybeans have turned moderately weaker while wheat futures are a bit firmer.

Corn and soybeans are 4-7 cents weaker while wheat is 4-5 cents firmer.

A reminder today is expiration day for March options.

Weekly export sales data this morning was within expectations for corn, soybeans, and wheat.

Exports for corn came in at 57.23 mbu, for soybeans 17.65 mbu, and for wheat 19.57 mbu.

Soybean sales rebounded this week after last week's poor showing of 6.82 mbu.

All three commodity exports are ahead of last year's pace - corn 29% ahead, soybeans 12% ahead, and wheat 12% ahead.

After a freezing cold week, today is the final frigid day in the Midwest before we see a warming trend - the 6-10 day outlook calls for above normal temperatures.

Weather conditions in Argentina are improving with a wetter outlook expected next week. Rainfall totals next week are expected to range from 3.0-5.0" across the heart of Argentina's growing region.

Further north, the drier trend continues for N Brazil through next week before rains return in the 7-10 day outlook. Harvest progress/plantings to continue through next week.

The coffee region of eastern Brazil is expected to experience additional heat/drought stress for the coffee crop which could lower cherry and bean quality.

We are offering Free DP for Soybeans.  Off farm bushels only at this time

Feb 20, 2025