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Private exporters reported the following daily sales activity:
- 106,680 metric tons of corn for delivery to Mexico during the 2025/2026 marketing year.
- 105,000 metric tons of corn for delivery to Guatemala during the 2025/2026 marketing year.
September setup for funding fight… September will bring another funding cliff for USDA and the rest of the federal government as the two parties fight it out over presidential funding ‘claw-backs.’ The House and Senate USDA spending bills are almost four billion dollars apart, and the House must still pass its bill before a compromise can be struck and taken up again in both chambers.
Senate Majority Leader John Thune volleyed, “…a lot depends on how cooperative the Democrats are in trying to get the appropriations process moving forward. But what I can tell you is, we are going to look for ways to keep the government funded, open, and operating.”
Democrat leaders in both chambers are demanding Republicans end ‘claw-backs’ and spending freezes in exchange for cooperation to keep the government funded. But Iowa Senator Chuck Grassley isn’t buying it. “This is a cover-your-rear-end sort of approach. This is their way of saying if the government shuts down, it’s the Republicans’ fault. We’re not going to fall for that,” Grassley said.
ASF on the rise as China blunts oversupply… Vietnam is facing a growing outbreak of African swine fever. Swineweb Dot Com says state media reports the number of infections has more than tripled in only two weeks. More than 900 outbreaks have been reported in Vietnam, up sharply from just over 500 in mid-July. The country’s Ministry of Agriculture says the number of infected pigs soared from 30,000 to more than 100,000.
Meanwhile, China is reportedly urging top hog farmers to scale back breeding herds by about 2% in the latest push to reduce oversupply in the country’s food sector.
Used equipment prices hangin’ in there… According to the Machinery Pete website, the price of used high-horsepower tractors fell between 18% and 23% from 2023/24 levels. Machinery Pete says the biggest surprise during the first seven months of 2025 is the fact used equipment prices have stabilized.
“After the huge rate of drop we saw in 2024, which mirrored the biggest drop I’ve ever seen back in 2014 to 2015, I thought it would keep sliding a little bit longer,” says Greg Peterson, who’s also known as Machinery Pete. “Instead, it has leveled off through the first half of the year. That, to me, has been the biggest surprise this year.”
Editor’s note: The above is excerpted from Tyne Morgan’s writeup on AgWeb.com. Click here to read the entire story…
Don’t sweat the summer heat… sweater weather is on its way… AccuWeather long-range experts say the transition to autumn will bring cooler air and sweater weather to millions of Americans. Others will be dealing with lingering summer heat, tropical storms, hurricanes, wildfires, or a smoky haze obscuring the sky.
“Areas in the middle of the country, including Kansas to Wisconsin, will experience very pleasant and calm stretches of fall weather that will be perfect for fairs, festivals, and outdoor events like harvest,” said Long Range Expert Paul Pastelok. “Other areas across the eastern and western U.S. will face some stubborn summer like heat and humidity sticking around this autumn.”
AccuWeather long-range experts say the warmest weather, compared to the historical average, will be focused on areas from California to Texas and northward into Oregon and Idaho. The colder air will first arrive and be most pronounced in North Dakota, South Dakota, Minnesota, Iowa, Wisconsin, Illinois, and Michigan. Flurries are possible earlier than normal.
The closes according to AgriTalk…
December soft red winter wheat futures opened steady and on session lows, then took back Tuesday’s losses to post the highest close of the week.
- December HRW wheat futures 9 3/4 cents higher at $5.41 and three-quarters
- December SRW wheat up 9 ¾ cents to $5.39
Corn has been in rebound mode since December futures spiked 4-dollars in Wednesday’s session. December corn today opened slightly higher and on session lows and posted a close near session highs
- September corn futures were 4 ¾ cents higher to $3.84 1/2
- December corn up 5 3/4 cents to $4.07
Spread unwinding helped support soybean meal futures – which added support to soybeans. That strength was capped by modest losses in soybean oil.
- September beans were 8 1/2 cents higher at $9.74
- November beans up 9 1/4 to $9.93 3/4
Choice-graded boxed beef jumped another $3.41 this morning with Select beef up $2.18. New all-time highs were posted, but futures still remain below the cash markets.
- August live cattle were $2.45 higher at $238.75
- August feeders $3.62 ½ higher at $348.65.
Softening cash bids pulled lean hog futures downward.
- August hogs were a dime lower at $108.77 ½
- October hogs down $1.05 to $90.92 ½.