Wednesday, September 24, 2025, 7:20 am

Tuesday was a positive day for our markets.  Harvest corn closed up 4 1/2, harvest soybeans closed up 1, spot winter wheat closed up 9 3/4 and spot spring wheat closed up 3 3/4.  In the overnight trade corn and soybeans are negative with the wheat sector still positive.  Oil closed up $1.13 yesterday at $63.41 per barrel.  It is stronger again in the overnight trading with it now valued at $64.16 per barrel.  Our dollar started out yesterday morning at $0.724 US and has trended lower since then.  This morning it is currently valued at $0.721 US.

Our markets were mostly lower yesterday morning before rallying to the positive side as the trading day progressed.  The corn market was supported by a private prominent crop scout in the US lowering his yield projection for their corn crop down to 182 bushels per acre.  This came after the USDA reduced their good to excellent rating for the corn crop by 1% on Monday.  Many analysts are saying that they feel that the USDA will have to reduce its yield projection in upcoming WASDE reports.  Even with reduced yields they will most likely be harvesting a record production this fall.  Although prices were able to rally a bit yesterday this should not be seen as a long term price driver on the positive side.

The wheat market was supported somewhat with Russia increasing their export price by up to $2 per tonne.  This is the first weekly increase after 4 consecutive weekly decreases.

With the news out of Argentina on Monday Chinese Importers were rumoured to purchase up to 1 million tonnes of soybeans from Argentina yesterday.  Whatever they purchase from Argentina at this time is just that much less that they will require from the US this fall and winter.  This is most definitely a bit negative for the soybean market.  We can almost look at the market yesterday and take it as a positive that prices did not decrease further.  It really is interesting how sometimes prices go the opposite way of the news that should be affecting prices!

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.