Friday May 23rd, 2025

• The grain market is mixed this morning.
  • The nearby corn contract rose for the fourth consectuive session on Thursday, trading lower this morning.  
• Export sales
  • New crop wheat sales were the highlight of the report, coming in well above expecations. Old crop wheat saw some cancellations but was within expecations. 
  • Corn sales were good for the week, meeting expecations, selling 46.9mbu of old crop and 8.6mbu of new crop. 
  • Soybean sales were slightly above expecations at 11.3mbu, Mexico was the top buyer of old crop beans for the week. 
• President Trump has tweeted that he recommends a straight 50% tarfiff on the European Union, starting June 1, 2025. He wrote that their current conversations were going no where. 
• US Areas Experiencing Drought
  • Much of the corn belt recevied rainfall last week, but conditions saw only limted improvement.