The elevator is open 7 am to 7 pm going forward (weather permitting) including weekends.  

Wednesday, October 8, 2025, 7:15 am

Tuesday was another mostly negative day for our markets.  Harvest corn closed down 2, harvest soybeans closed up 4 1/4, spot winter wheat closed down 6 and spot spring wheat closed down 4 1/2.  In the overnight trade corn and the wheat sector are negative with soybeans still positive.  Oil closed up $0.04 yesterday at $61.73 per barrel.  It is stronger again in the overnight trading with it now valued at $62.59 per barrel.  Just like on Monday our dollar traded between a low of $0.716 US and a high of $0.717 US over the last 24 hours.  This morning it is at the high end of the range with it currently valued at $0.717 US.

The USDA put a notice on their website yesterday that the Weekly Crop Progress Report and the monthly WASDE report will not be released this week due to the Government shutdown.  They also stated that most likely no WASDE report would be produced for October with the next report coming in November.

One report they did release was the weekly Export Inspections for the previous week.  Corn exports were up from 1.54 million tons the previous week up to 1.6 million tons this week.  Last year at this time they only exported 0.95 million tons of corn for the week.  Corn exports were supported by large volumes being railed to Mexico.  Soybean exports were up week over to sit at 769 thousand tons.  Last year at this time they were reported at 1.6 million tons.  Export numbers are of course lower this year with no soybeans being sold to Chinese purchasers.  Wheat exports decreased from 873 thousand tonnes the previous week down to 505 thousand tonnes.  Russia continues to be the low cost provider of wheat to the world market and this will keep a lid on wheat exports out of the US.

The soybean crop is being planted in Brazil at a very fast pace.  It is reported at the second fastest planting pace on record.  They are expected to have over 30% of their soybeans planted this week and probably over 40% of their first corn crop planted also.  They are receiving nice solid rains that are providing adequate moisture to get their crop growing.  Remember early planted soybeans should result in soybeans being available sometime in January for harvest and ultimate export to China.

The expected aid package that President Trump had stated that would be announced yesterday has been delayed until further notice.  With the current Government shutdown they are struggling with how funds can be distributed to the farmers.  The extent of the aid program is also still open for discussion however soybean farmers are expected to receive about $2 US per bushel.  One of the analysts from the US I follow stated that soybeans are rallying a bit on the CBOT with the expectations of the bailout package.  I am not sure how an aid package would support prices but we will take whatever gains the market will provide us.

If you would like to talk about the markets or price some of your crop for the future or in store, please reach out to us via phone or email to info@northgowergrains.com. Prices quoted herein are for product at our elevator.