Wednesday April 23rd, 2025

• Corn and wheat are trading in the red, soybeans now trading in the green.
  • Corn prices lowered yesterday, with a faster than average US planting pace. US exports remain steady, but other fundamental news is lacking. US rainfall will be light to moderate over most of the corn belt for the next 7 days.
  • Soybeans await headlines regarding biofuels.
  • Wheat growing areas Kanas and Oklahoma are expected to see 120-130% of their normal rainfall over the next 14 days. The rain may be too late some farmers have said. 
• Donald Trump has indicated that he may reduce tariffs on Chinese imports.
  • Overall, US ag shipments to China dropped 54% in January 2025 compared to a year prior. Below is a chart that shows Chinese imports and how Brazil is export more than the US in key agricultural commodities.