Tidbits, Q&A: Basis Contract Roll, SA Weather, Brazil’s Biofuel, Broilers & Ethanol 6/26/25
- Wright team
- Jun 26
- 6 min read
Tidbits
New contract lows were set in corn yesterday. July set it at $4.08 and December hit a low at $4.21.
The July soybean contract traded down 21½¢ to settle at $10.25¼ and November finished down 18½¢ to settle the day at $10.18½. Soybean meal and soybean oil were lower on the day. The seasonal trend is a tough one to fight with.
The Argentine province of Buenos Aires received snow yesterday for the first time in 18 years. Brazil’s state of Paraná reported widespread frost. AgrInvest Commodities reports no apparent damage to the corn, but it’s not helping the crop dry down. We have seen photos on X of dark green corn leaves with frost thick enough to scrape off the leaf in the Londrina, Parana area. Are the photos accurate? Kory Melby posted some of them, so we would say "yes."
In Brazil’s Mato Grosso, rain and cold nights are also slowing the drying process. In Paraguay, rainfall continues to delay the harvest. Early corn from Paraguay typically flows into Brazil for livestock feed, so this delay is having ripple effects. Eduardo Vanin reports the spot corn market in Brazil is very firm.
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