Mark's Market Talk for August 11, 2025

We saw another down week as corn settled 5 cents lower and beans were 2 cents lower last week. Crops continue to look good so the easiest way for the market is to trend lower. The August supply and demand report is this Tuesday. Some years it does not amount to much, but this year it has everyone’s attention. Some of the private yield guesses on the corn crop have been somewhat larger than the current trend line yield projection. From the road things look really good, however we are starting to see some reports of trouble spots. The eastern corn belt has been too wet all season. The corn in some of these areas is now showing the stress it has been under. There are probably a few areas around here that are suffering from too much water and some nitrogen loss. Tiled fields will once again show their value as some of the excess water was pulled off the surface. It appears this year will prove the saying that tile doesn’t cost, it pays once again. Corn export sales remain strong as we are very competitive in the world market. It is expected the USDA will raise the export sales figure in Tuesday’s report. This will help offset the possible higher yield number. The bean market is suffering from the lack of Chinese purchases. Normally they have several million new crop bushels bought by now. Chances are they will come at some time as the South American supplies start to run out. The odds seem to favor some type of trade agreement between us and China. Both countries need the business for their economies. The question is which side will say uncle.