Wednesday May 7, 2025

• Corn and soybeans are trading in the green and while wheat trading flat to down.
  • Grains rebound from lows with U.S./China trade talks set for this weekend. 
• The Trump administration may announce new trade agreements with multiple countries this week.  Currently underway are 17 negotiations with the key trading nations, China is not among them. 
• It is estimated that Chinese farmers have sold 96% of their corn crop already, ahead of last year’s pace by 4%. China is dealing with extremely high stock levels at its ports. With increased corn stocks Chinese buyers do not have the need or appetite to increase corn imports. 
• President Trump and Prime Minister Carney met in person yesterday to discuss many things, tariffs being one. Very little has yet to come from this meeting. 
• The corn and bean markets gapped slightly higher to open last night. The move brings the July corn contract back above the 200-day moving average.