Our Annual Customer Appreciation Day is 2 days away. Wednesday, June 25, 2025 @ 10AM
Friday was a negative day for our markets. Harvest corn closed down 2, harvest soybeans closed down 7 1/2, harvest winter wheat closed down 6 1/2 and harvest spring wheat closed down 4 3/4. In the overnight trade corn and soybeans are negative/even with the wheat sector on the positive side. Oil closed up $0.25 on Friday at $73.84 per barrel. It is stronger in trading again this morning with it now valued at $74.97 per barrel. Over the last 24 hours our dollar had a low yesterday morning before noon of $0.725 US and a high late in the day of $0.730 US. It has pulled back in the overnight trade with it currently valued this morning at $0.725 US.
Friday was a negative day for grain markets, with little news to support prices in either direction. It appears the speculative market was taking some money off the table ahead of the weekend. In overnight trading, new crop corn is down another 3.5 cents, while soybeans are holding steady.
Despite Trump’s reported attack on Iranian nuclear sites over the weekend, soybeans have shown very little reaction. We’ll see how the week progresses and whether this trend holds.
New crop export sales activity was minimal last week, putting the U.S. further behind pace. However, old crop corn sales remained well above the weekly average.
The Corn Belt is expecting hot and dry weather early this week, but timely rains are in the forecast for later on—which is likely contributing to corn’s weaker overnight performance.
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.
Delores Seiter | 613-880-7458
Bob Orr | 613-720-1271
Office | 613-489-0956
