Monday, August 11, 2025, 7:15 am

Geoff is off, please contact Delores, Bob, Tony or the office for any marketing needs. Contact info below.

Friday was a mostly negative day for the row crop markets. Harvest corn closed down 1 1/2, harvest soybeans closed down 6 1/4, harvest winter wheat closed down 3 3/4 and harvest spring wheat closed up 2 3/4. In the overnight trade everything is back on the positive. Oil closed down $0.41 on Friday at $63.47 per barrel. It is stronger in trading this morning with it now valued at $64.00 per barrel. Our dollar had a high of $0.727 US in the last 24 hours and a low of $0.725 US it is currently valued at $0.726 US.

Friday started out with stronger trading but turn negative around the lunch hour. The energy markets can be partly to blame, especially the crude oil market, as the crude oil futures were negative every day last week. The ethanol component in the corn market and bio-diesel in the soybean market are tightly linked and affected by the energy market swings.

Soybeans have been heading to lows around $9.77/bushel we saw back in April during the height of the emerging trade war between the US and China. So far, the soybean market has been bouncing around $9.90/bushel for most of the month of July. Analysts, believe the market is waiting for further confirmation from the USDA to confirm higher soybean yields. That mixed with the lack of soybean exports on the books will create a higher supply and likely send soybeans lower.

Record strong production out of South America, Brazil and Argentina has extended China’s reliance of South American soybeans. There’s really no incentive for China to turn to the US market for soybeans. Reports from China are indicating there are currently large volumes of soybean meal in store. They are sitting comfortably from a crush standpoint. The relationship with China with regards to trade is a rocky one, and the new trade deadline expires here on Aug 12^th, so it’ll be interesting to watch the result of that, if there is a result at all or another extension.

If you would like to talk about the markets or price some of your crop for the future or in store, please reach out to us via phone or email to info@northgowergrains.com. Prices quoted herein are for product at our elevator.