Tidbits, Grain Export, Tariffs, FOB 7/7/25
- Wright team
- Jul 7
- 4 min read
Tidbits
Last evening’s sharply lower opening for corn, beans, and wheat was expected by some while others expected a steady to better opening at the worst. The National Weather Service has the Corn Belt looking less favorable for crops and demand for U.S. origin grains looks strong as the dollar continues to decline and Brazil’s real strengthens. The ban on non-North American produced feedstocks for U.S. biofuels tax credits and subsidies beginning in 2026 is the most bullish single day news ever for soybean oil and thus soybeans.
The USDA S&D on Friday most likely will increase old crop corn exports and, therefore, lower the old and new crop corn carryovers. Old crop soybean crush might be increased as well. Wheat production estimates for all countries will be revised higher or lower and U.S. new crop corn and soybean yields may be revised. Planted acreage for U.S. 2025 corn, beans and winter wheat will be reduced slightly as a result of the 30 June Actual Planted Acres.
If the weather develops through the week as predicted, the low for the week was made last evening.
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