Thursday March 27th, 2025

• The corn and wheat markets are trading flat to lower this morning, while soybeans are trading in the green.
  • Markets are awaiting the Monday acreage report
  • Yesterday the May corn contract fell nearly 7cents to settle near $4.51/bu. 
• Traders are estimating this season’s corn acres at 94.3million, that is up 4.2% compared to 2024. Soybean acres to be 83.7million, down 3.8% from last season. 
• Weekly ethanol production dropped this week by 52k barrels/day. Demand has lowered to a 4-week low as total stocks were up 775k barrels. Overall stocks are still above last year and the 3 year range. Corn used for ethanol is estimated at 3.035bbu, this is down from last year but still 17mbu ahead of the target. 
• President Trump announced yesterday a 25% tariff on all cars shipped to the US. This will take effect April 3rd. This will not only effect cars made abroad but car parts as well. Parts coming from Canada and Mexico that comply with the USMCA will be exempt for the time being. 
• Brazils export agency Anec’s estimated March soybean exports at 15.56mmt, steady with last week.