Corn

A total of 132,000 tons of corn from the 2024/25 crop was sold to an undisclosed country, and nearly 110,500 tons to Mexico.

Export sales for the 2023/24 corn crop amounted to 119,000 tons, the lowest in the marketing year and the lowest within the forecast range as of August 15. New crop sales reached nearly 1.3 million tons, the highest of the year and above estimates.

Corn prices are under downward pressure. The settlement price for the September Corn Contract on August 22 was 375.1 cents per bushel, down 0.11% from the previous session.

Soybeans

The USDA reported another private export sale of 198,000 tons of 2024/25 soybeans to China, and 105,000 tons of soybean meal was sold to Vietnam.

New crop soybean sales hit a yearly high of nearly 1.7 million tons, exceeding estimates, with most of the sales going to China.

The September Soybean Contract broke its consecutive gain streak. The settlement price on August 22 was 941.25 cents per bushel, down more than 2% from the previous session.

Wheat

The Export Sales Report shows 493,000 tons for the week of August 15, the highest within the estimated range and the highest in five weeks.

The Japanese Ministry of Agriculture’s weekly tender report recorded a purchase of 81,000 tons.

The September Wheat Contract continued to decline sharply. The settlement price on August 22 was 511 cents per bushel, down nearly 2% from the previous session.

Source: Collected from various source