TFM Midday Update 10-7-2025

CORN

Corn prices remain weaker at midday as harvest pressure continues. December corn is down 1-00 cents to $4.20-3/4, while the March contract is down 1-1/4 cents to $4.37-00.
Rain showers across the Midwest early this week will delay harvest for a short period of time, but the 5-10 day outlook shows a dry forecast which will help advance harvest.
US corn harvest is seen at 31% complete, up from 18% last week according to a survey completed by Bloomberg.
Brazil’s corn exports for September totaled 7.56 mmt, up more than 10% from August and nearly 18% higher from a year ago.

Soybeans continue to trade higher at midday on optimism between US and China trade talks in the upcoming weeks. November soybeans are up 3-1/4 cents to $10.21-00 and the January contract is up 3-00 cents to $10.38-3/4.
According to AgRural, soybean planting across Brazil is now estimated at 9% complete, up from 3% done last week, and 4% planted through the same week last year.
Brazil continues to benefit from the ongoing trade war between the US and China with the countries September soybean exports up more than 20% year-over-year.

Wheat prices are lower at midday, pressured by a rise in the US dollar. December Chicago futures are down 2-3/4 cents to $5.10-00, December KC is down 1-3/4 cents to $4.93-3/4, and December Minneapolis is 1-3/4 lower to $5.54-3/4.
Ukraine’s Economic Ministry reported that the countries winter grain sowing is behind last year’s pace. Winter wheat sown in Ukraine so far accounts for 2.3 million hectares which is down 12% from a year ago.
Bangladesh has announced a deal with the US for the purchase of 220,000 tons of wheat. US associates will be the supplier in the purchase, and the price is agreed upon at $308/ton.

Tanner Wilson