Wednesday May 14th, 2025

• The market is mixed this morning.
  • Funds are still sitting in the negative on grains and strong progress/ratings continues into mid-May. 
  • Soybeans closed strong yesterday and open solidly last night steadying out after fresh three month highs. 
• The inflation report showed inflation at 2.3% in April vs 2.4% previously. This is the lowest monthly rate seen since February 2021. The decrease is seen from a decline in energy prices, with food and transportation seeing improvements as well. 
• China to allow Brazilian DDG imports. China and Brazil have been working on this matter since 2022. In 2024, the US supplied 99.6% of total DDGs imported to China. Brazil to have an increase number off DDGs as there are 10 ethanol plants in constructions. 
• Rain is forecasted for most of the US corn belt. The Dakota’s will see rains early this morning, the eastern corn belt will begin to see rain on Friday. 
• Following the US/ Chinese Tariff talks China has ramped up their retail manufacturing sector, which that had slowed drastically since the t. U.S. buyers have encouraged factories to ships orders as quickly as possible. The chart below is the timeline of tariffs changes that went into effect today.