News
According to data released yesterday, the U.S. agricultural trade deficit reached a record high for July 2025, with imports outpacing exports by $4.97 billion—an increase of about 9% compared to July of the previous year.
Wheat led strength overnight with soybeans following modestly to the upside.
China soybean imports hit record high in August
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The latest U.S. jobs report, released this morning, shows the economy added just 22,000 jobs in August, far below expectations, while unemployment rose to 4.3%, the highest since 2021.
Corn, soybeans and wheat saw a relatively quiet night of trade, each seeing action on either side of unchanged.
Wheat sales for the week ended Aug. 28 were down 46% from the previous week and 51% from the four-week average. New-crop corn sales were strong, while net soybean sales were near the low end of pre-report expectations.
Late session push lands corn and soybean futures positive gains
Yesterday, the USDA released a report lowering its 2025 farm income outlook, citing weaker crop revenues that outweigh gains for cattle producers.