Friday July 4th, 2025

• Markets are closed today in observance of the US holiday.
• Soybeans gave up most of their early near double-digit gains yesterday but still managed to close in positive territory.
• Corn posted modest strength, finishing the session up 4 cents after early gains.
• Wheat faced pressure from ample global supplies, closing down 7 cents.
  • Market volatility is historically normal for July. We may see bouts of price strength due to weather scares but we tend to see harvest pressure cap those rallies.
• Export Sales:
  • Corn: Marketing year-to-date export sales total 2.681 billion bushels, up 27% from last year’s pace.
  • Soybeans: Sales total 1.835 billion bushels, up 12% year-over-year, though still trailing the seasonal pace needed to reach the USDA’s 2-billion-bushel target.
    • New crop soybean commitments are typically low in July. Sales should begin to ramp up as China starts booking for fourth-quarter delivery. So far, there have been no reported new crop soybean sales to China. If this trend continues, it will likely start drawing market attention in the coming weeks.