Tidbits, Dec Contracts, AI & Water, Crop Progress, ENSO, Export Inspections 11/25/25
- Wright team
- 12 minutes ago
- 4 min read
Tidbits
All December basis contracts and long December futures positions need to be liquidated or rolled before the close tomorrow to avoid the chance of being assigned delivery from the CBOT.
Flash sale: Yesterday morning the USDA announced the sale of 123,000 mts of old crop soybeans to China, which now has purchased 16.2% of the agreed 12 million mts by the end of January.
USDA’s final Crop Progress report for the week ending November 23 shows corn harvesting nearly complete at 96%, just shy of the five-year average of 97% (100% complete a year ago). The soybean harvest finished. Winter wheat planting is 97% complete, matching the five-year average. The national Winter Wheat condition ratings are 48% good or excellent versus 55% last year.
Brazil's 2025/26 soybean planting reached 81% of the expected area as of last Thursday, below 86% last year, AgRural said. Irregular rainfall in Mato Grosso and Goias remains a concern, potentially delaying planting and tightening the window for the second corn crop planted after soybeans. In the center-south, farmers had already planted 93% of their first corn crop, just below 95% a year ago.
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