Monday, September 8, 2025, 7:15 am

Friday was a negative day for our markets.  Harvest corn closed down 1 3/4, harvest soybeans closed down 6, spot winter wheat closed down 1/4 and spot spring wheat closed down 4 1/4.  In the overnight trade corn and spring wheat are negative with soybeans and winter wheat positive.  Oil closed down $1.61 on Friday at $61.87 per barrel.  It is stronger in trading this morning with it now valued at $63.16 per barrel.  Our dollar traded between a low of $0.722 US and a high of $0.725 US on Friday with it closing out at $0.723 US.  It has come up just a bit in the overnight trading with it currently valued this morning at $0.724 US.

All of our markets traded positive on Friday before pulling back and closing in the red.  Soybeans had the largest swing with poor weekly export sales being the big negative for the day.  The continued lack of Chinese purchases for soybeans is playing the role of a big anchor for this market.  New crop corn export sales remain strong however the large US corn crop nearing harvest is helping the supply side to dominate this market.  Wheat prices pulled back following the row crops with the strong world supply side keeping a lid on prices.

Last week was a negative week for our markets.  Spot corn and harvest corn both closed down $1 per tonne.  Harvest 2026 corn ended up even for the week.  Spot soybeans were down $1 per tonne with harvest down $9 per tonne.  Harvest 2026 soybeans were down $4 per tonne.  Spring wheat was down $4 per tonne for this year and $1 per tonne for next year.  The winter wheat market was down $5 per tonne for this year and $6 per tonne for harvest 2026.

Crude oil prices were down on Friday with the market concerned that the OPEC+ meeting on Sunday would result in large increases in crude production going forward.  This did occur and many analysts see this as a catalyst to bring the price of oil down probably by $10 per barrel.  As we see this morning the reverse is happening.  It only makes sense that larger supply will result in decreased prices however remember the market does not always do what the analysts think it should and this morning is an example of this.

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.