TFM Morning Update 10-08-2025

CORN

Corn futures are trading higher this morning. December corn futures are up 1 cent to 420-3/4 and March futures are up 1/4 cent to 436-1/2.
Private analysts released their own estimates for yield and national production. Current expectations call for yield to be lowered to 185 bushels per acre, with total production projected at 16.645 billion bushels. Ending stocks would remain burdensome at 2.231 billion bushels.
The U.S. dollar has broken through resistance this morning. A daily close above the resistance level could spark additional dollar strength, potentially limiting export demand.

Soybean futures have started the day higher with November futures up 3 cents to 1025 and January futures up 1-3/4 cents to 1040-3/4.
Harvest continues to advance rapidly across the U.S., with progress estimated at nearly 40% complete. This figure comes from private analysts, as the Crop Progress report has not been released due to the government shutdown.
Harvest pressure remains a key headwind for soybeans, with weather in much of the Midwest expected be be ideal for further progress over the next five days.

Wheat has started the day mixed. December Chicago wheat futures are up 1/4 cent to 507. December KC wheat is down 1/4 cent to 491-3/4, and December MPLS wheat is unchanged at 5.52.
Bangladesh has agreed to purchase 220,000 metric tons of U.S. wheat at $308/mt on a DNF basis, as part of a government-to-government trade agreement established earlier this year between the two nations.
The dollar’s strength this week, reflecting a drop in the euro amid political turmoil in France, has curbed the competitiveness of U.S. grain on the world market.

Keegan Madigan