Wednesday, August 13, 2025, 7:30 am

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

Monday was a mixed day for our markets, the big gainer being soybeans. Harvest corn closed down 13 1/4, harvest soybeans closed up 21 1/2, harvest winter wheat closed down 10 and harvest spring wheat closed down 1/2. In the overnight trade everything is on the positive side. Oil closed down $0.79 yesterday at $63.17 per barrel. It is weaker in trading this morning with it now valued at $62.68 per barrel. Our dollar had a high of $0.727 US in the last 24 hours and a low of $0.724 US it is currently valued at $0.727 US.

A shock to the system yesterday after the release of the USDA’s August WASDE report. The 17 survey participates with Dow Jones had a corn yield estimate range of 181.0-188.1bpa, and USDA increase corn yield estimates even higher! Coming in at 188.8bpa, up from 181bpa in July. Adding more than 1 billion bushels to the production estimates from 15.705 bil/bu in July to 16.742bil/bu in August. A record by far for corn production. Thankfully USDA also increased corn usage by 545 mil/bu through exports, feed & residual and ethanol to account for the production and yield estimates. If they hadn’t adjusted corn usage, we could have seen a limit down day yesterday.

Soybean yields were also adjusted higher from 52.6bpa in July to 53.6bpa for August, a record yield. However, planted acres were cut down from 83.4mil acres in July to 80.9mil acres in August.

This news was bearish for corn, with the corn market down 13 1/4 cents for the day and hitting new lows yesterday afternoon after the report was released. Soybeans on the other hand gain 21 1/2 cents for the day, with the WASDE report being more bullish/friendly for this crop

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.