4/23/25:  Wheat continues to push lower on improved forecasts and lack of demand.  Hopefully tomorrow’s sales report shows positive wheat sales like the market is anticipating at current price levels.  But until we get any confirmation of demand prices will remain under pressure.  Corn finally lost some ground yesterday breaking about a dime.  Forecast improvements point to even more corn acres at the expense of soybeans and spring wheat.  Demand remains strong on old crop corn, should see further confirmation of that on tomorrow’s sales report. 7-day forecast is wet for everywhere except Northern Montana, South South Dakota, Western Nebraska and Northern Illinois.  Majority of areas getting 1-1.25 inches of rain with parts of Oklahoma getting 4.0+.  Gardenlike conditions and not enough rain to stall row crop planting for long as temperatures warm up everywhere as well.  Matif Wheat pushed lows yesterday as well on improved EU forecasts and wheat conditions.  The only dryness concerns the market is currently talking about is China.  Southern area of Chinese wheat region has been extremely dry the past few weeks, but they came into the spring with fantastic soil moisture, so too early to be a major concern.  Red wheat bids have been rolled to the July contract, wheat and corn futures all down 2-4 cents this morning.

4/10/25 USDA Report:  Nothing surprising out of todays report.  Corn ending stocks pegged at 1.465 billion down from 1.54 billion in March.  Average market guess was 1.51 billion so lower than the average guess, but still with in the range of estimates.  Soybeans dropped from .38 to .375, so nothing to see there.  Wheat ending stocks were raised from .819 to .846 billion.  HRW saw the biggest increase from 382 million to 408 million.  Spring wheat increased from 207 million to 223 million, and SWW dropped from 70 million to 67 million.  World ending stocks for corn were lowered as well from 288.94 MMT to 287.7 MMT, same story as US ending stocks lower end of the estimates but within the range.  Wheat left unchanged globally and Soybeans raised from 121.41 to 122.5 MMT.  Brazil Corn and Bean production left unchanged while Argentina Corn was lowered from 50 MMT to 49 MMT and Soybeans were lowered from 49 MMT to 48.21 MMT.  Bearish wheat bullish corn neutral soybeans, all which the market anticipated. 

 ***Tri Cities Grain now offering Grain Settlement ACH Payments as well as Vendor ACH payments. 1 page form to fill out in order to set up the process.  Please call with any questions

Click here for the ACH Payment form