Thursday May 8, 2025

• Corn and wheat are trading in the red this morning, beans are trying to hang on.
  • World wheat prices are flattening out with key crop growing weather ahead.
  • Dry/warm weather in the forecast for the Central US over the next 7-10 days.
• The Federal Reserve left interest rates unchanged again this month.  Rates are sitting at 4.3%.
• President Trump has confirmed a trade deal with the UK.
• Trump has ruled out lowering tariffs on Chinese imports stating he would not consider reducing the 145% tariff.
• Brazilian farmers are expected to expand planted soybean areas by 500K hectares in the 25/26 growing season.  This would be the 19th consecutive year of expanded production area.
• US ethanol production declined last week but remains robust.
• Today’s Export Sales:
  • 115,000MT of Corn for delivery to unknown destinations for the 24/25 marketing year.
  • 205,000MT of Corn for delivery to Mexico.  40,000MT for delivery during the 24/25 marking year and 165,000MT for delivery during the 25/26 marketing year.
  • 225,000MT of Soybeans for delivery to Pakistan during the 25/26 marketing year.