Tidbits, Corn Basis & Tarspot, NOPA Crush, Brazilian Exports 10/15/25
- Wright team
- 1 day ago
- 4 min read
Tidbits
Corn basis continues to firm. Dan reported Heritage Coop in West Central Ohio firmed from -45Z (45¢ under Dec futures) last Friday, to -40Z on Monday, to -37Z yesterday. More than half the corn is still in the field in that area where yields are not as good as expected in early August, but above average.
Agronomists have identified the area west of Galesburg, Illinois, including communities of Alexis, Joy, Monmouth, Kirkwood, etc., as the Tarspot Ground Zero of the Corn Belt for 2025. Corn yields in that area were 40 to 60 bushels less than last year in fields treated with fungicide.
Soy Crush: NOPA members reported yesterday that they crushed 197.863 million bushels of soybeans in September, which was way above the market’s expected 186.34 million bushels, 11.6% above a year ago, and the fourth largest monthly crush ever. Soy oil stocks at the end of the month were 1.243 billion pounds, above the expected 1.22 billion pounds. Of course, oil stocks were more than expected as they crushed 11 million more bushels, producing about 126.5 million pounds of soy oil. Learn about the national Oilseed Processors Association at: https://www.wrightonthemarket.com/post/about-the-nopa
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