Tuesday April 15th, 2025

• Grains are mostly lower this morning.  Although, new crop corn is in the green and approaching a $6.00 flat price.
  • Dec Corn futures are trying to hold near highs from gains posted late last week.  A slightly slower than expected start to seeding and good demand as export inspections exceed trade expectations. 
  • The US dollar index is finally trading in the green today after falling hard the last few trading sessions.
• Export Inspections
  • 1.8MMT of corn was inspected last week, up 13% compared to the previous week and up 24% vs the same time last year, see image below.
  • Wheat shipments were strong at 604,461MT, surpassing trade expectations.  
  • Soybean shipments reported at 546,348MT, this is down 33% from last week but up 22% from the same time last year.
• Flash Sale- US exporters sold 120,000MT of corn to Japan for delivery during the 2024/25 marketing year.
• Corn planting is slightly behind schedule, sitting at 4% complete VS the 5% 5-year average.
• Winter wheat ratings declined a point this week but still remain strong.  47% of the crop was rated G/E compared to the 44% average rating.