Grain Comments 07/14/25 11:29:45 AM
July 14, 2025
Morning Comments:
- Markets opened lower last night but have turned green this morning. December corn made a new low at $4.07 ½ and November Soybeans dipped to $9.98 ¼ before rebounding this morning. Corn and Soybean spreads are mixed at the break.
- The European Union announced that it will delay retaliatory tariffs on the US until August 1st. Trump has announced 30% tariffs on the EU starting August 1st. As a whole, the EU is the second largest importer of US soybeans.
- Friday’s USDA report drove the grain markets lower despite providing some bullish items. Old crop ending stocks were trimmed to 1.340 billion bushels - the lowest number in four years.
- Basis changes were minimal on Friday. CIF corn for FH July is bid +89U and August CIF soybeans are bid +90Q. USDA announced a flash sale of soybeans on Friday – 8 million bushels of beans to Mexico.
- Temperatures cooling off closer to average over the next few days. Recent models maintain cooler temperatures across the Midwest in the 5-day forecast along with additional precipitation.
- Today’s reports include Export Inspections (10am) and Crop progress (3 pm). Have a great day.
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