Tuesday March 18th, 2025

• Corn, soybeans and wheat open the day in the green!
• NOPA released their February crush numbers yesterday. The U.S. crush declined to its lowest levels in five months, this number is down 11.2% from January, and down 4.5% compared to last February. Crushers are starting to slow their pace as a lack of renewable fuel guidance burdens the market.
• China customs renewed their export licensing for U.S. meat products coming into China through 2030. Now the focus shifts to the impacts of the 10-15% tariffs China has imposed on U.S. poultry, pork, and beef. 
• Kanas winter wheat ratings are sitting at 48%, down from 52% last week. 
• AgRural estimates Brazilian soybean harvest is 70% complete as of last Thursday, ahead of the 63% pace last season, the strongest pace since records began in 2010/11. 
• Argentina will remain mostly dry in the near term, while Brazil saw scattered and light rains center north, chances will remain in the center-north area over the next ten days.