Monday, September 22, 2025, 7:15 am

Friday was a mostly negative day for our markets.  Harvest corn closed up 1/4, harvest soybeans closed down 12, spot winter wheat closed down 1 3/4 and spot spring wheat closed down 4 1/4.  In the overnight trade all of our markets are on the negative side.  Oil closed down $0.89 on Friday at $62.68 per barrel.  It is weaker again in the overnight trading with it now valued at $62.37 per barrel.  Our dollar traded between a low of $0.723 US and a high of $0.726 US on Friday with it closing out at $0.725 US.  In the overnight trading it has eased back just a bit with it currently valued this morning at $0.725 US.

Last week was slightly negative week for our markets.  The corn market was down $2 per tonne across the board.  Spot soybeans closed down $7 per tonne with next year’s harvest down $4 per tonne.  The wheat sector ended up flat for the week.

President Trump and President Xi talked on Friday morning to discuss many things.  Supposedly it was a positive talk about TikTok (although a final deal was not announced) and they did agree to keep the communication between them open.  However, the disappointment for the agricultural markets was that no announcement was made concerning any increased business between the two countries.  It is looking less and less likely that any soybean sales will be made anytime soon.

Soybeans traded in a very wide 23 3/4 cent range on Friday.  Unfortunately they closed at the bottom end of the range.  Prices pulled back after President Trump made his announcement of what was accomplished in his phone call with President Xi.  Soybean prices closed below their 50 day moving average for the first time since August 11.  Without any export sales’ being made to China the US domestic market is going to be flooded with soybeans and it is hard to see how prices can rally in the short term.

Locally the soybean harvest has begun.  The majority of the soybeans coming into the elevator are very dry.  We are seeing some green beans but not enough to cause any grading discounts.  Yields we are being told are very variable and are probably ranging from 1/2 tonne up to 1 1/2 tonnes per acre (20 bushels up to 55 bushels).

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.