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Gary's Blog 07/15/25 2:08:01 PM
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7-14-25
G/E ratings
TW LW OH
Corn 74% 74% 56%
Beans 70% 66% 53%
7-15-25
Markets were mostly lower as bullish news remains absent. Last night’s crop condition ratings came in near record highs (esp Iowa) which begs the question how good can yield really be. Whispers of a +185bpa corn yield are making the rounds. Soybean yields tend to correlate better with August weather so there is still time here yet. The summer row crops are testing some key support levels which need to hold, or another leg down is possible. At some point end users will find value and prices will level off. It remains to be seen “how cheap is cheap” in this day in age.
7-14-25
It was an uninspiring session on the CBOT with a mixed finish. Corn was able to close 4 cents higher on a tighter carryout figure from Friday’s report. Wheat and soybeans spent most of the session in the red. Beneficial rains were seen across the heart of the corn belt over the weekend which is nearly ideal for corn pollination. The talking heads sure pumped up a WCB drought this spring/summer but that all looks like distant memory now. 2025 may go down in history as one of the best growing seasons on record.
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