TFM Morning Update 08-29-2025

The CME and Total Farm Marketing Offices will be closed Monday, September 1, in Observance of Labor Day

CORN

Corn is trading higher to start the day following yesterday’s first notice day for September contracts. September is currently trading 3-1/2 cents higher at $3.89 while December is up 2 cents at $4.12.
Yesterday’s export sales report saw corn sales strong but fall from last week at 2,072k tons. This compared to 2,833k last week and 1,509k a year ago. Top destinations were to Mexico, Colombia, and unknown.
The Pro Farmer tour brought up disease in the crop multiple times, and farmers who are finding corn rust are reporting heavy cases of it. This could cut effected yields by 20-40%.

Soybeans are trading lower this morning apart from the September contract which is in delivery and is up 3 cents at $10.31-1/4. The November contract is down 5-1/4 cents to $10.42-3/4, October soybean meal is down $1.00 at $281.90 and October soybean oil is down 0.44 cents at 51.51 cents.
Analysts are estimating that the USDA soybean crush will come in around 207 million bushels for July. If this number is realized, the crush would be up 5.1% from the 197.1 mb processed in June and up 7.2% from July 2024.
Yesterday’s export sales report saw soybean sales increase from last week to 1,183k tons from 1,137k last week and 2,472k tons a year ago. Top buyers were unknown, Mexico, and Taiwan.

Wheat is mixed this morning with Chicago unchanged and KC and Minneapolis lower. December Chicago wheat is unchanged at $5.29 while December KC is down 1/2 cent at $5.15-1/4.
Yesterday’s export sales saw wheat sales fall to 1,183k tons from 1,137k tons last week. This compared to 498k tons a year ago. Top buyers were Vietnam, Nigeria, and Mexico.
The Canadian wheat crop for 25/26 was seen rising to 35.5 mmt from previous estimates of 34.2 mmt according to Bloomberg. Canola production is seen 4.6% higher.

Amanda Brill