Wednesday March 26th, 2025

• The grain markets are mixed this morning. Corn and soybeans are trading flat to positive, while wheat is trading slightly lower.
• Yesterday the U.S, announced separate agreements with Russia and Ukraine to ensure the safety of Black Sea vessels. A ceasefire agreement for a full 30-days.
  • Russia indicated that the U.S must lift restrictions on food, fertilizer, and shipping. A number of conditions still need to be met. 
• The March bean contract fell below $10.00 futures yesterday but managed to close above. The overall bean market feels very range bound as they wait for the 2025 acreage data next week. 
• Brazil dropped their soybean basis again, making US soybeans less competitive on the export market. 
• Brazils harvest reaches historic highs. Despite dryness in states like Rio Grande do Sul and Mato Grosso do Sul, national yield remain strong representing an 10% increase from last year according to Conab. 
• StoneX released there USDA estimates,