TFM Morning Update 08-15-2025

CORN

Corn is trading slightly higher this morning after December futures ended the day unchanged yesterday and are now just below the $4.00 mark. Futures seem to have found some support around the $3.90 area.
Yesterday’s export sales were ok for corn at 1,959k tons but were down sharply from last week’s 3,334k and compared to 921k a year ago. Top buyers were Mexico, Japan, and Taiwan.
Estimates for the CONAB report see corn planted acreage increasing to 231,680k hectares, up 121k from last month. Yield is also expected to rise by 198 kg/ha of 15.2%.

Soybeans are trading higher this morning following sharp losses yesterday that were mainly caused by lower soybean oil and fears over poor export demand from China. Both soybean meal and oil are higher this morning.
Projections for the NOPA crush report see July soybean crush at 190.8 million bushels. This would be up 4.3% from July last year and up 2.7% from the previous month.
Yesterday’s export sales report saw soybean sales fall from last week to 755k tons. This compared to 1,013k last week and 1,566k a year ago at this time. Top buyers were unknown, Mexico, and the Netherlands.

Wheat is mixed this morning with Chicago wheat slightly higher while KC and Minneapolis trade lower. Today, President Trump and Putin will meat to discuss ending the war in Ukraine, and the results may impact wheat.
Yesterday’s export sales were decent for wheat at 723k tons. This compared to 738k last week and 273k a year ago. Top buyers were South Korea, Mexico, and the Philippines.
In Germany, the 2025 grain output forecast has been raised for both wheat and corn. Total grains are estimated at 43 mmt up from 41.7 mmt last month with wheat at 22.4 mmt compared to 21.6 mmt a month ago. This is due to larger acreage and better yields than expected.

Amanda Brill