Tidbits, Economics, Sugar & Syrup, Drought Monitor, Export Sales 7/18/25
- Wright team
- 7 days ago
- 4 min read
Updated: 6 days ago
Tidbits
Yesterday turned out to be a profit-taking day for recent corn buyers. The lowest weekly export old crop corn sales of the marketing year did not help, which is to be expected this time of year. The marketing year ends in 6 weeks and it takes 30+ days to get shipping lined-up. Farmer corn sales continue to be light. Yesterday, the Dyersville, Iowa ethanol plant firmed their basis 3¢ to 3 over September. Cargill’s Dayton, Ohio corn syrup plant has kept their basis 55 over the September after firming it 15¢ last week.
Yesterday morning, there was a bevy of good economic reports for the U.S. economy:
New unemployment claims in the U.S. fell to 221,000, well under market expectations of 235,000. It was the lowest number of new claims in one week since April.
Continuing unemployment claims were unchanged at 1,956,000, below market expectations of 1,970,000 to remain below the 2021 highs touched in June. The U.S. employment results continue to reflect a historically strong labor market, aligned with statements from the Federal Reserve.
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