WE ARE NOW LEGACY GRAIN COOP!!!  

CUSTOMER APPREICATION COOKOUTS! 

DALTON CITY: 8/6/25 11-1PM SHOP 

BETHANY : 8/8/25 11-1PM OFFICE  

AUG 1, 2025

The ag space was lower today for corn and wheat today, steady for soybeans. Wheat futures were down a nickel and are trading near the recent lows. Live cattle was slightly higher today after yesterday's sell-off. Lean hogs were also a bit higher. The lack of a China trade progress seems to weigh on prices with each passing day of no deal. The weather remains favorable with cooler air settling across the Midwest this weekend.

CORN

If the recent pattern holds, we will come in on Monday morning to see corn selling off. This has been the story each Monday for the past four weeks. But are prices as low as they need to be right now absent concrete yield data? Analysts, etc, are beginning to toss their yield estimates into the market so it will be interesting what figures we see ahead of the August 12 WASDE report. Already we have seen estimates as high as 186.9 bu/acre. There is little in the weather that can derail the crop at this point from a development standpoint.

SOYBEANS

The trade continues to see China purchase Brazilian soybeans at higher premiums than US Gulf beans. The market is starting to price some concern on the demand side of the ledger. The yield outlook is more uncertain for the beans so a large yield this fall would add to the bearish tenor of the market if we see less Chinese bean buying in the coming weeks and months. The weather forecast for US soybeans does not look threatening in the near term, and the crop would enjoy a lack of rain to dry out. Board crush margins continue to be the bright spot for the bean market

WHEAT

Wheat news continues to be rather limited. Harvest is wrapping up in the U.S. Domestic wheat stocks continue to be comfortable.